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2240 GRAY HWY Macon GA 31211-1040

APN S0530011

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Details
Property Type Hospitality
Sub Type Motel
Building SqFt 7,438
Lot SqFt 460,362
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C-4
Year Built 1952
Building Count 1
Opportunity Zone Yes
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******
Mortgage Recording Date ******

Property History

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Property Type
Property Type
Hospitality
Property Subtype
Motel
Asking Details
Asking Price
$1,100,000
Price/Sq Ft
$146.67
Marketing Description

Fully Operational, 17-Unit, Motel/Extended Stay, with Ample Parking (40± spots) fronting Gray Highway, in Macon-Bibb County.​ This property is consistently occupied, with very little vacancy.​ Over 10 acres of land accompanies this nearly 8,000 sf motel as well.​ Brand new roof installed in late 2023.​

Conveniently situated in Bibb County, this property is just over two miles from Historic Downtown Macon and all of its attractions and amenities.​ The location also offers easy access to public transportation and is approximately 2.5± miles from both I-16 and I-75.​

Investment Highlights
  • 17-unit operating motel with consistent occupancy and minimal vacancy

  • 10.79 acres + ~8,000 SF building

  • ±2 miles to Downtown Macon + quick access to I-16 & I-75

  • 40± parking spaces with direct Gray Highway frontage

  • Income-producing asset in-place — immediate cash flow opportunity

  • New roof (2023)

Property Type
Property Type
Multifamily
Property Subtype
RV Park, Apartment Building
Marketing Description

Sands Investment Group is Pleased to Present Exclusively For Sale the Courtesy Court Motel Located at 2240 Gray Highway in Macon, GA. This Deal Includes an 17 Room Motel That Sits on an 11-Acre Lot and Consistently Has 80% Occupancy With Long Term Tenants Providing For an Excellent Investment.

Investment Highlights
  • This 17 Room Motel Sits on an 11-Acre Lot and Consistently Has 80% Occupancy With Long Term Tenants in Place Paying Below Market Rents Which Can Be Easily Increased

  • Zoned For Highway Commercial (C-4) on Highway 129; This Property Sees 22,019 Vehicles Per Day and Sits Not Far From Interstate 16 and Interstate 75

  • Last Year the Motel Generated Over $100,000+ in NOI

  • This Property Provides Additional Income By Having Two (2) Billboards on the Property

  • The Location is a 2 Minute Drive From Walmart and Two (2) Other Large Shopping Centers

  • Strong Demographics of 58,240 Residents Making an Average Household Income of $55,324 Within a 5-Mile Radius

Sale Date
******
Sold Price
******
Buyer Borrower 1 Corp Indicator
******
Buyer Borrower 1 Name
******
Buyer Borrower 1 Relationship Type
******
Mortgage Recording Date
******
Mortgage Maturity Date
******
Mortgage Term
******
Document Type
******
Mortgage Interest Rate
******
Mortgage Loan Type
******
Mortgage Lender Name
******
Loan Amount
******
Mortgage Book
******
Mortgage Construction Loan
******
Mortgage Document Date
******
Recording Book
******
Recording Page
******
Mortgage Estimated Interest Rate Indicator
******
Resale Flag
******
Sales Price Code
******
Transaction Type
******
Seller 1 Name
******
Transfer Tax
******
Mortgage Page
******
Sold By
******
Sold To
******

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
AA
Andrew Ackerman PRO
LIC: FL #BK3369953 (+3)
•••.•••.0445
•••••rman@•••••••.com
Brokerage logo
Listing removed on
 BY:
TS
Thomas Smart
LIC: NC 341102
•••.•••.1608
••mart@••••••.com

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