For Sale
$4,000,000

316 Main St Statesboro, GA 30458

Renovated Inn, High Revenue Potential

Property Records

Overview

Added:
Feb 3
Days on market:
85
This exceptional 65-room hotel, located at 316 South Main St, Statesboro, GA, presents a lucrative investment opportunity. Situated just three miles from Statesboro University, this property benefits from a consistently strong demand. The Red Roof Inn has recently undergone significant renovations, including a brand-new roof boasting a 15-year warranty. Fifteen guest rooms have been upgraded to feature modern standing showers, enhancing the guest experience. The hotel comprises 65 rooms in total, including 10 suites and 2 rooms dedicated to housekeeping staff. This well-maintained property generates a substantial gross annual revenue of $870,000, achieving an impressive Average Daily Rate (ADR) of $65 and maintaining an occupancy rate consistently between 60% and 65%. The property sits on a sizable 1.33-acre lot, offering ample space and potential for future expansion or development. The asking price is $4,000,000 and is negotiable. Pre-approved private financing options are available for qualified buyers. Showings are strictly by appointment only, and the hotel is currently fully operational with existing staff in place. This is a turnkey operation ready for a new owner to step in and continue its success.

Property Details for 316 Main St

Property type
Commercial real estate
Year Built
1991
Lot Size (sq. ft)
57,935 SF

Location Insight

City
Statesboro
County
Bulloch
State
Georgia
Latitude
32.4412
Longitude
-81.78368

FAQs

What type of property is this?
Commercial real estate - Renovated Inn, High Revenue Potential
Where is the commercial real estate located?
The property is located at 316 Main St Statesboro, GA.
What is the asking price?
The asking price for this property is $4,000,000.
How can I contact the broker?
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316 Main St
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