For Sale
$6,950,000

2400 Riverside DrMacon, GA 31204

115-Room Hotel, High NOI, GA

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 115-key Best Western hotel presents a compelling investment opportunity in Macon, Georgia. Priced at $6,950,000, this fee-simple property boasts a strong 9.12% cap rate and a current NOI of $633,930 (as of a specified date). Situated on a 4.16-acre lot with 181 parking spaces, the property features two two-story buildings constructed in 1972 and zoned C4-Commercial Highway District. The hotel benefits from its location near the junction of Interstates 16 and 75, an area undergoing a $100 million improvement project expected to be completed in Fall 2024. Macon's designation as Georgia's most affordable city and its proximity to Atlanta (less than an hour away) contribute to its strong market position. The property includes a long-term, income-generating lease with a lounge operator and is an interior corridor facility in good condition, with many recent renovations. The current occupancy rate is 56.8% (as of September 30, 2024), offering significant upside potential. Seller financing may be available for qualified buyers. This Best Western franchise qualifies for an automatic transfer of agreement. The property's APN is P061-0161. The price per key is $60,434.78. This is a rare opportunity to acquire a well-maintained, income-producing hotel in a growing market.

Highlights

  • $6,950,000 asking price for a 115-key Best Western hotel in Macon, Georgia.
  • 9.12% cap rate with a current NOI of $633,930 and 56.8% occupancy (as of 09/30/2024).
  • Located in Macon, Georgia's 4th largest city, near I-16 and I-75 interchange (major improvements completed Fall 2024).
  • Features two 2-story buildings on a 4.16-acre lot with 181 parking spaces; C4-Commercial Highway District zoning.
  • Fee simple ownership with seller financing available; qualifies for automatic Best Western agreement transfer.

Property Details for 2400 Riverside Dr

Property type
Hospitality properties, Hotels
Year Built
1972
Buildings
2
Stories
2
Lot Size (sq. ft)
181,210 SF

Location Insight

City
Macon
County
Bibb
State
Georgia
Latitude
32.8687546
Longitude
-83.6591958
2400 Riverside Dr, Macon, Georgia

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2400 Riverside Dr
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