5601 Carmichael Rd Montgomery, AL 36117-1837

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.