For Sale
$145,220

511 Cedartown Hwy Piedmont, AL 36272

24-Room Motel on 2.6 Acres

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents a 24-room motel situated on approximately 2.6 acres in Piedmont, Alabama. The brick structure features 24 rooms with private baths, a laundry room, an office, and a separate apartment, all ripe for renovation and revitalization. Located at 511 Cedartown Highway, this property boasts double road frontage ensuring high visibility and accessibility. City water, sewer, and natural gas are readily available. The property is zoned HC (Highway Commercial), offering a multitude of potential uses, including continued operation as a motel, conversion to residential units, commercial development, or simply a strong real estate investment for appreciation. The paved parking lot provides ample space for guests or customers. This auction sale presents a unique chance to acquire a substantial property with significant upside potential. The sale will be a simulcast auction, allowing participation in person or online. The property is being sold in one tract. A 10% buyer's premium applies, with a 10% down payment due on the sale day, and the balance due within 30 days. The closing will occur within 30 days of the sale date. The property is located in Calhoun County, Alabama, zip code 36272.

Property Details for 511 Cedartown Hwy

Property type
Land

Location Insight

City
Piedmont
County
01015
State
Alabama
Latitude
33.9324737
Longitude
-85.5938843

FAQs

What type of property is this?
Land - 24-Room Motel on 2.6 Acres
Where is the land located?
The property is located at 511 Cedartown Hwy Piedmont, AL.
What is the asking price?
The asking price for this property is $145,220.
How can I contact the broker?
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511 Cedartown Hwy
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