33 Kinard Brg Rd Lenox, GA 31637-6802
- Motels
- 2,673 SF
- 0.81 lot acres
Current Use by Public Records
- Motels
Property Details for 33 Kinard Brg Rd
- Year built
- 1970
- Lot size
- 0.81 lot acres
- Property size
- 2,673 SF
- Property type
- Motels
- APN
- L002-051
- APU
- L002051
Description
This exceptional investment opportunity presents a 48-unit motel situated on a 0.89-acre lot at 33 Kinard Bridge Road, Lenox, Georgia, 31637. Built in 1970, this single-building property offers significant potential for return. The motel boasts convenient amenities including an indoor pool and guest laundry facilities, enhancing guest experience and attracting a wider clientele. Further adding to its appeal is an on-site restaurant, providing an additional revenue stream and convenience for guests. The property also includes a manager's apartment, featuring both a two-bedroom and a four-bedroom unit, located conveniently above the front desk. This strategic location in a rural farming community ensures consistent occupancy, particularly during peak farming seasons when the hotel regularly operates at full capacity. The motel's proximity to the town of Lenox (1/8 mile) and two other gas stations at the exit ramp provides excellent visibility and accessibility for travelers. The asking price for this established and profitable business is $1,589,900. This represents a compelling opportunity to acquire a well-maintained, income-generating property in a thriving rural market. The property's strong performance history and attractive amenities make it an ideal investment for those seeking a stable and profitable venture in the hospitality sector.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $245,000
- 6.5%
- $250,000
- 7%
- $240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $250,000
- Geo Method
- $250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $230,000
- Mixed-Use
- $250,000
- Hospitality
- $240,000
- Educational
- $250,000
- Residential Income
- $305,000
- Energy
- $230,000
- Income-Based Land
- $240,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Lenox
- County
- Cook
- State
- Georgia
- Longitude
- -83.4701
- Latitude
- 31.2702