28 Shoals Blvd Florence, AL 35630
- Hospitality properties
- 2,800 SF
- 0.45 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 28 Shoals Blvd
- Year built
- 1898
- Lot size
- 0.45 lot acres
- Property size
- 2,800 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a historic 2-unit hotel/motel in Florence, Alabama, boasting a substantial 11.62% capitalization rate and a strong net operating income (NOI) of $58,000. The property, known as the Jackson House, comprises three buildings on a 0.45-acre lot, totaling 2,800 square feet. Built in 1898 and extensively renovated in 2022, this charming two-story property offers two keys, currently operating as a successful Airbnb with multiple income streams. One unit generates $1,800 monthly rental income, while the main house commands $425 per night. Further income potential exists by leasing the five bedrooms individually, or by completing the nearly finished garage conversion into a studio apartment. Conveniently located at 28 Shoals Blvd, Florence, AL 35630, this property benefits from proximity to a Division 1 college and easy access to the Shoals area. The property is poised for continued growth and offers a compelling return on investment for discerning buyers. While not yet certified, the property is ready to be registered as a historic landmark. This presents a unique opportunity to acquire a profitable, historic property with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Lauderdale
- State
- Alabama
- Longitude
- -87.6243
- Latitude
- 34.824
