5601 Carmichael Rd, Montgomery, AL 36117-1837
- Motels
- 44,815 SF
- 2.44 lot acres
Current Use by Public Records
- Sunrise Extended Stay(Under New Management) / Hotel & Motel
Property Details for 5601 Carmichael Rd
- Year built
- 1989
- Lot size
- 2.44 lot acres
- Zone code
- B-3
- Property type
- Motels
- APN
- 10-06-13-4-003-001.010
- APU
- 1006134003001010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 9, 2022 | $1,800,000 | Paragon Hotel Group LLC | Jay Enterprise LLC | Special Warranty Deed | — |
| Oct 8, 2017 | $725,000 | Jay Ents LLC | First Wstrn Sblc | Grant Deed | — |
| May 11, 2017 | $700,000 | First Wstrn Sblc INC | First Wstrn Sblc INC|starlite Hospitality LLC | Trustees Deed · related | — |
| Aug 31, 2011 | — | Starlite Hospitality LLC | Montgomery Ventures LLC | Warranty Deed | — |
Description
This 120-key, three-story hotel in Montgomery, Alabama, presents a compelling investment opportunity. Situated on a 2.4-acre lot at 5601 Carmichael Rd, it boasts convenient access to I-85, Montgomery Regional Airport (14.4 miles), and downtown Montgomery (7 miles). The hotel's proximity to Alabama State University (6 miles), Faulkner University (2.1 miles), and Auburn University at Montgomery (2 miles) ensures consistent demand. Nearby cultural attractions include the Montgomery Museum of Fine Arts (0.7 miles), Wynton Blount Cultural Park, Carolyn Blount Theatre, and the Alabama Shakespeare Festival (within 2 miles). The property also offers two manager's apartments, one featuring a full kitchen, bedroom, dining, and living room. Many rooms include kitchenettes. Its location near various demand generators, coupled with the potential for conversion to multifamily apartments (with anticipated quick zoning approval), makes this a highly attractive investment. The asking price is $3,000,000, and bank financing is available. This interior corridor hotel presents a unique opportunity to capitalize on the thriving Montgomery market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,345,000
- ML approach
- $1,335,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Alabama
- Longitude
- -86.2116
- Latitude
- 32.3607
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
