89450 Highway 9 Lineville, AL 36266
This fully renovated 10-room motel, located at 89450 Highway 9 in Lineville, Alabama (zip code 36266), presents a unique investment opportunity. The property, situated on a 0.29-acre lot, boasts a single, one-story building totaling 2,716 square feet. Built in 1962 and completely renovated in 2022, the motel features six rooms with queen beds and four rooms with twin beds. Each room includes a mini-fridge, microwave, smart TV, and WiFi. The extensive renovations encompassed underground utilities, new plumbing and electrical systems, updated heating and air conditioning units, new doors and windows, hot water heaters, gutters, sidewalks, and overhangs. The motel benefits from its proximity to key attractions: 9 miles from Lake Wedowee, 15 miles from Mt. Cheaha, and 6 miles from Flat Rock Park, making it ideally positioned to attract tourists and travelers. The property is zoned B3- General Business and is offered for sale at $365,000. This turnkey operation is ready for immediate revenue generation. The property's recent upgrades and strategic location make it an attractive investment for both seasoned investors and new entrepreneurs in the hospitality sector.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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