1500 Airport Rd Jacksonville, FL 32218-2408

Property Details for 1500 Airport Rd

Year built

1971

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.84 lot acres

Property size

15,012 SF

Zone code

CCG-1

Property type

Motels

APN

019379-0020

APU

193790020

Description

This exceptional investment opportunity presents the Flight 747 Motel & Lounge, a thriving hospitality business located in Jacksonville, Florida. This two-story, 43-key hotel, built in 1971, sits on a 1.84-acre lot and boasts two buildings with an exterior corridor. The property includes a fully operational bar/lounge and a liquor/package store featuring a convenient drive-through. The bar/lounge holds a highly valuable 4COP liquor license, estimated at over $1 million. The hotel also features a manager's suite (two rooms, kitchen, renovated bath), offering potential for conversion into additional rentable rooms. In 2023, the hotel rooms generated $212,072 in revenue, while the bar/lounge contributed $1,086,887. Projected year one total revenue is $1,298,958, with a net operating income (NOI) of $502,755. The property enjoys a prime location just two miles from Jacksonville International Airport and is within close proximity to major employers, including the University of Florida Health North Jacksonville, Jacksonville Zoo, and downtown Jacksonville. This location benefits from Jacksonville's robust economy and strong tourism sector, making it an ideal investment for those seeking a high-return hospitality asset with significant upside potential through room renovations and potential business expansion. The concrete construction ensures durability and longevity. The property also includes an outdoor covered seating/pavilion and a tiki bar.