10901 Harts Rd Jacksonville, FL 32218-3889

Property Details for 10901 Harts Rd

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.92 lot acres

Property size

21,921 SF

Zone code

CCG-1

Property type

Motels

APN

044140-0110

APU

441400110

Description

This 59-key Red Roof Inn motel presents a compelling value-add investment opportunity in Northeast Jacksonville, Florida. The property, built in 1987 and renovated in 2019, boasts 21,921 square feet on a 1.92-acre lot. Its prime location offers high visibility and easy access to Interstate 95 and US Highway 17, placing it approximately 10 minutes from Jacksonville International Airport. Surrounded by numerous retailers, tourist attractions (including the Jacksonville Zoo and Anheuser-Busch Brewery), and benefiting from the city's strong business and military presence, the motel enjoys consistent demand. Jacksonville's low cost of living and favorable tax climate further enhance the investment potential. The property's interior corridor design and fee-simple ownership, unencumbered by management contracts, provide significant upside for increasing cash flow and occupancy. The permitted zoning is BU1. This three-story building offers a strong foundation for a savvy investor seeking to capitalize on the thriving Jacksonville hospitality market. The property's proximity to major roadways ensures high visibility to the over 70,000 vehicles traveling along I-95 daily. The asking price is $3,300,000, translating to $150.54 per square foot. This represents a unique chance to acquire a well-positioned motel with substantial growth potential in a dynamic and expanding market.

Location Insight

City

Jacksonville

County

Duval

State

Florida

Longitude

-81.6573

Latitude

30.4328

CBSA code

27260

CBSA name

JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments