Entity Owned Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C1 · Lithonia, GAThe purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose and intent of the mayor and city council in establishing the C-1 (Local Commercial) District is as to provide convenient local retail shopping and service areas within the city for all residents
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Lithonia, GA.
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