203 Brabham Dr Enterprise, AL 36330-3173
- Hotels
- 40,743 SF
- 2.08 lot acres
Current Use by Public Records
- Candlewood Suites Enterprise, an IHG Hotel / Hotel / Conference Center
Property Details for 203 Brabham Dr
- Year built
- 2010
- Lot size
- 2.08 lot acres
- Property size
- 40,743 SF
- Property type
- Hotels
- APN
- 1608281000002017
- APU
- 1608281000002017
Description
This fee-simple 83-suite Candlewood Suites hotel in Enterprise, Alabama, presents a compelling investment opportunity. Built in 2010, this three-story property sits on 2.09 acres and boasts a prime location near Fort Novosel (formerly Fort Rucker), home to over 25,000 military and civilian personnel. The hotel benefits from proximity to major medical facilities, including Medical Center Enterprise and Enterprise Health & Rehabilitation Center, and is just a short distance from downtown Enterprise's charming atmosphere and local attractions like the Boll Weevil Monument. The property requires minimal capital improvements upon acquisition. Furthermore, a state-of-the-art recreational facility, including indoor/outdoor gyms, tennis courts, and swimming pools, is slated for completion in 2024, further enhancing the area's appeal and potentially boosting occupancy rates. The hotel's location in the Tri-State area, with Florida and Georgia within easy reach, adds to its market appeal. This offering represents a rare chance to acquire a well-positioned hotel with significant growth potential in a thriving community. The asking price is $8,995,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Enterprise
- County
- Coffee
- State
- Alabama
- Longitude
- -85.847
- Latitude
- 31.295
- CBSA code
- 21460
- CBSA name
- ENTERPRISE-OZARK, AL MICROPOLITAN STATISTICAL AREA
