3040 Scarlett St Brunswick, GA 31520-1250

Property Details for 3040 Scarlett St

Year built

1974

Lot size

3.33 lot acres

Zone code

FC

Property type

Commercial real estate

APN

03-26881

APU

326881

Description

This exceptional investment opportunity presents a 2-story, 80-key Motel 6 situated on a 3.38-acre lot in Brunswick, Georgia. Built in 1971, this established hotel boasts a strong 12.14% capitalization rate and a Net Operating Income (NOI) of $388,576, making it an attractive proposition for investors. The property enjoys a highly desirable location directly off Interstate 95, providing easy access to major transportation routes. Its proximity to downtown Brunswick (under six miles) and the renowned Golden Isles coastline (less than ten miles) ensures consistent demand. Nearby attractions include St. Simons Island Pier, Driftwood Beach, St. Andrew Beach, and Little St. Simons Island, further enhancing its appeal to tourists and travelers. The College of Coastal Georgia and Brunswick Golden Isles Airport are also conveniently located within approximately five miles. The property offers potential for expansion, with the possibility of adding eight more rooms to the existing structure. Furthermore, there's significant upside potential in optimizing management practices, and the property includes a 6,000 square foot banquet hall/meeting space, providing additional revenue streams. This presents an ideal entry point for first-time hospitality investors seeking a proven, high-performing asset with substantial growth potential. The asking price is $3,200,000.

Location Insight

City

Brunswick

County

Glynn

State

Georgia

Longitude

-81.5199

Latitude

31.2202

CBSA code

15260

CBSA name

BRUNSWICK, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments