4670 Lenoir S Ave Jacksonville, FL 32216-4033

Property Details for 4670 Lenoir S Ave

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.12 lot acres

Property size

73,302 SF

Zone code

CCG-1

Property type

Hotels

APN

152835-0200

APU

1528350200

Description

This exceptional investment opportunity presents the fee simple interest in a 137-room Courtyard by Marriott hotel in Jacksonville, Florida. The five-story, 73,302 square foot hotel underwent a $5 million renovation in 2021, earning a Renovation Excellence Award from Marriott Select Brands. Situated on a 3.12-acre lot (APN: 152835-0200), this interior-corridor property boasts a prime location, offering convenient access to Interstate-95, J. Turner Boulevard, and Philips Highway – three major thoroughfares with high traffic volume (approximately 131,600 vehicles daily on the nearest section of I-95 and J. Turner Boulevard). The hotel's strategic location within the Jacksonville MSA, a market with over 1.6 million residents, provides excellent visibility and accessibility for guests and commuters. Built in 1997, the property is zoned CCG-1 and presents a strong opportunity for increased revenue per available room (RevPAR) through focused management and marketing strategies, leveraging the highly desirable Courtyard by Marriott brand. The asking price is $16,000,000, translating to $218.28 per square foot. This represents a chance to acquire a renovated, well-positioned hotel in a thriving market.