454 Trilby St Wrightsville, GA 31096
- Hospitality properties
Current Use by Public Records
- Hospitality properties
Property Details for 454 Trilby St
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a profitable motel and adjacent land parcel in Wrightsville, Georgia. The property, encompassing 454 and 466 West Trilby Street, includes a 14-room motel with a currently non-operational convenience store or liquor store space. The motel boasts a new roof and underwent significant renovations in 2022. The existing motel enjoys strong weekly customer loyalty, averaging 7-8 occupied rooms weekly over the past seven years, generating monthly revenue between $11,000 and $13,000, peaking at over $13,000 during summer months and never falling below $9,000 in winter. Monthly expenses, inclusive of all bills and insurance, total approximately $4,000. This presents a significant opportunity to increase revenue by reactivating the convenience store or liquor store. Furthermore, an additional 0.5 acres of land at 304 West Trilby Street is included, offering the potential to expand the motel by 15-20 rooms. The property has been under current ownership for 2-3 years, with no liens, legal issues, or history of serious crime. A 50% down payment is preferred, but negotiations are welcome. Financial details are available upon request. This is the only motel in Wrightsville, making it a unique and highly desirable investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wrightsville
- County
- Johnson
- State
- Georgia
- Longitude
- -82.7251
- Latitude
- 32.732
