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    196 Virginia Ave Tifton, GA 31794

    Sponsored
    For Sale
    $4,850,000

    82-Key Hotel, I-75 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 82-key Microtel Inn & Suites by Wyndham in Tifton, Georgia, presents a compelling investment opportunity. Priced at $4,850,000, this three-story, interior-corridor hotel boasts a prime location just off Interstate I-75, offering convenient access for travelers. Situated on a 1.82-acre lot, the property is approximately two miles from downtown Tifton and within close proximity to several key attractions. These include the Georgia Museum of Agriculture and Historic Village, the Tift Theatre, and the Tifton Museum of Arts and Heritage, all within a two-mile radius. Furthermore, the hotel benefits from its proximity to Tift Regional Medical Center (four miles), Abraham Baldwin Agricultural College (three miles), and Tifton Municipal Airport (four miles), catering to a diverse range of clientele. Tifton's status as an agricultural hub ensures consistent business travel, further enhancing the property's revenue potential. Built in 2000, the hotel has undergone significant capital improvements and is offered with bank financing available. The seller has invested substantially in renovations, ensuring the property is well-maintained and ready for continued success. This represents a strong investment in a thriving location with excellent access to major transportation routes and local amenities. The property's strategic location and recent improvements make it an attractive option for investors seeking a profitable hospitality venture in a dynamic market.

    Property Features for 196 Virginia Ave

    General Information

    Property type
    Hotels
    Lot Size
    79,279 SF

    Building Details

    Stories
    3

    HighLights

    • 82‑room Microtel Inn & Suites by Wyndham.
    • Interior corridor design.
    • Built in 2000.
    • 1.82‑acre lot.
    • Three‑story building.
    • I‑75 frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Staples Office Supply Store Staples Print & Marketing ... Print Shop UPS Alliance Shipping ... Shipping And Mailing Service Innovative Tax Solutions Tax Preparation

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tifton
    County
    Tift
    State
    Georgia
    Longitude
    -83.5294564
    Latitude
    31.4520896

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    FAQs

    What type of property is this?
    Hotel - 82-Key Hotel, I-75 Access
    Where is this hotel located?
    The property is located at 196 Virginia Ave Tifton, GA.
    What is the asking price?
    The asking price for this property is $4,850,000.
    What are key features of this property?
    This property features: 82-room Microtel Inn & Suites by Wyndham.; Interior corridor design.; Built in 2000.
    Request Owner's contact information
    196 Virginia Ave Tifton, GA 31794
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    Tifton, GA 31794
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    196 Virginia Ave Tifton, GA 31794
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