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Sunset Inn

Hospitality | 11.00% CAP | 24 Keys

Listing Contacts

Active

Asking Price: $570,000
Address 

32810 US-43, Thomasville, AL 36784

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Date Added
Sep 21, 2024
Days on Market
186 days
Time Since Last Update
17 days

Details

Property TypeHospitality
SubtypeHotel, Motel
Square Footage27,230
Price/Sq Ft$20.93
Cap Rate11.00%
Keys24
Year Built1960
Year Renovated2013
Buildings3
Stories2
ZoningC
Lot Size (acres)1.09
APN1006144000074000

Marketing Description

PRICE ADJUSTMENT & Assumable 3.75% loan ! Sunset Inn, independent, exterior corridor hotel in Thomasville AL, being offered for sale.​ The property sits on a 1 acre parcel on Hwy 43.​ It is 2 story, with 24 rooms, separate building with office, 2 bedroom apartment, additional 2 bedroom apartment with full kitchen.​ 6 rooms have access to 4 kitchenettes.​ 4 of the rooms and 4 kitchenettes are currently used as storage and need updating.​ The property was built in 1960, updated in 2013.​ Roof replaced in 2020 with upgraded shingles.​ Current owner has operated the hotel the past 11 years without significant online presence and no marketing.​ Multiple opportunities to increase revenue.​ Currently setup to accept credit cards and cash payments.​ Thomasville, although a small town has a growing business climate with their main industry drivers being: wood processing plants, metal processing,  piping plants, a revitalized historic downtown and fall hunting season that attracts many regular visitors.​ The newly initiated Phase I of West Alabama Corridor Project will be a four lane highway connecting Tuscaloosa to Mobile AL, via Thomasville.​ This is a great opportunity for new owner to be a part of a growing business community.​

Investment Highlights

  • On Hwy 43

  • 20 rentable rooms + 4 rooms need updating

  • 2 Apartments

  • 1 mile from downtown Thomasville

  • 90 miles from Mobile AL

  • Phase I of highway widening towards Tuscaloosa under construction

  • Growing community

  • New roof 2020

  • New locks 2021

  • New LED sign 2024

Valuation Calculator

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Due Diligence

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Listing Contacts


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Broker Information
Broker Name
Charlotte Jones
Broker License
AL AL 157441
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