2980 Evans Ml Rd Lithonia, GA 30038-2415
- Hotels
- 27,747 SF
- 2.51 lot acres
Current Use by Public Records
- Hotels
Property Details for 2980 Evans Ml Rd
- Year built
- 2004
- Construction
- WOOD FRAME
- Lot size
- 2.51 lot acres
- Property size
- 27,747 SF
- Zone code
- C1
- Property type
- Hotels
- APN
- 16 119 01 053
- APU
- 1611901053
Description
This 60-key Microtel Inn & Suites by Wyndham presents a compelling investment opportunity in Lithonia, Georgia. Built in 2004, this three-story hotel sits on a 1.66-acre lot at 2980 Evans Mill Rd, Lithonia, GA 30058, within DeKalb County. The property boasts an impressive operational track record, demonstrating significant market outperformance. In 2023, the hotel achieved over $1.19 million in top-line room revenue, resulting in a noteworthy net operating income (NOI) margin exceeding 48%. This strong performance is further underscored by a robust 2023 effective gross revenue (EGR) retention rate. Since 2021, the hotel has consistently exceeded market averages, achieving a 135% average market penetration. The property's location and operational efficiency make it an attractive asset for investors seeking a high-performing hospitality investment in a growing market. The hotel's strong financial performance and market position offer a promising return on investment. This is a turnkey operation ready for immediate ownership.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lithonia
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.1209
- Latitude
- 33.6984
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
