3 Gtwy S Blvd Savannah, GA 31419-7551
- Motels
- 3.63 lot acres
Jun 11, 2021
Current Use by Public Records
- Gateway Texaco / Gas Station
- ATM / Atm
- Minimal Savannah Hotel, LLC / Hotel
- Oneway Savannah / Hotel
- Enco / Hotel
Property Details for 3 Gtwy S Blvd
- Lot size
- 3.63 lot acres
- Zone code
- PBC
- Property type
- Motels
- APN
- 1-1029 -02-012A
- APU
- 1102902012A
Description
This exceptional investment opportunity presents a fully renovated, 129-key hotel in Savannah, GA. The property boasts a prime location at the intersection of I-95 and Abercorn Street, offering unparalleled visibility and accessibility. Built in 1980 and extensively renovated in 2023, the two-story, exterior corridor hotel features 98 queen/queen rooms, 3 queen rooms, and 29 king rooms, spread across a 3.63-acre lot. The $2.7M+ renovation transformed the hotel into the OneWay Hotel Savannah, maximizing its appeal to travelers. Furthermore, the sale includes a NNN-leased Perkins Restaurant generating $6,000 in monthly income. The hotel's strategic location provides easy access to downtown Savannah (15.3 miles), Savannah/Hilton Head International Airport (11.9 miles), Savannah State University (16.7 miles), and Hunter Army Airfield (14.1 miles). With over 93,000 vehicles traversing I-95 daily, the hotel enjoys exceptional exposure. The property's strong pro-forma NOI of $891,194 makes it a compelling investment prospect in a thriving Georgia MSA. This is a rare chance to acquire a high-performing, recently renovated hotel with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,055,000
- ML approach
- $3,890,000
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Location Insight
- Map
- Local Demand
- City
- Savannah
- County
- Chatham
- State
- Georgia
- Longitude
- -81.2829
- Latitude
- 32.003
- CBSA code
- 42340
- CBSA name
- SAVANNAH, GA METROPOLITAN STATISTICAL AREA
