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Property profile & analytics
OFF-MARKET Estimated value $4,055,000
Motels

3 Gtwy S Blvd Savannah, GA 31419-7551

3.63 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US22-1386803
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Motels
Use group MOTEL
Lot 3.63 ac (158,123 SF)
Zoning code PBC
APN 1-1029 -02-012A
UPID US22-1386803
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Gateway Texaco Gas Station
  • ATM Atm
  • Minimal Savannah Hotel, LLC Hotel & Motel
  • Oneway Savannah Hotel & Motel
  • Enco Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.89M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.06M
Owner & transaction history
Minimal Savannah Hotel LLC · 5 yrs held
Minimal Savannah Hotel LLC
since 2021
Last sale
$3.2M
3 recorded transactions
2021
$3.2M
2009
Price N/A
2008
$2.4M
Zoning & alternative use
PBC · Savannah, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Zoning District R B
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