6802 Commonwealth Ave, Jacksonville, FL 32254-2222

This 175-key, two-story hotel in Jacksonville, Florida, presents a compelling investment opportunity. Built in 1981 and situated on a 3.7-acre lot, the property enjoys a highly convenient location off Interstate 295, providing easy access to Jacksonville International Airport, the JAX Cruise Port, the Prime F. Osborn III Convention Center, and Downtown Jacksonville. The CCG-1 zoning allows for potential conversion to multifamily housing, adding significant value and flexibility. The hotel's proximity to major demand generators, including the Jacksonville Zoo & Gardens, Mayo Clinic, University of North Florida, TIAA Bank Field, Southbank Riverwalk, and the Bacardi Bottling Corporation, ensures strong occupancy potential. Its location is also less than an hour from St. Augustine. The property previously operated as a Quality Inn & Suites, consistently generating over $2 million in annual revenue. A recent purchase of the front parcel by QuikTrip has also resulted in lower property taxes for potential buyers (see survey for details). This well-priced asset offers significant upside potential through improved management and branding opportunities, making it an attractive investment in a rapidly growing market. The property is free and clear of any ground lease.