For Sale
$3,200,000

3040 Scarlett StBrunswick, GA 31520

80-key hotel, high ROI, prime location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 2-story, 80-key Motel 6 situated on a 3.38-acre lot in Brunswick, Georgia. Built in 1971, this established hotel boasts a strong 12.14% capitalization rate and a Net Operating Income (NOI) of $388,576, making it an attractive proposition for investors. The property enjoys a highly desirable location directly off Interstate 95, providing easy access to major transportation routes. Its proximity to downtown Brunswick (under six miles) and the renowned Golden Isles coastline (less than ten miles) ensures consistent demand. Nearby attractions include St. Simons Island Pier, Driftwood Beach, St. Andrew Beach, and Little St. Simons Island, further enhancing its appeal to tourists and travelers. The College of Coastal Georgia and Brunswick Golden Isles Airport are also conveniently located within approximately five miles. The property offers potential for expansion, with the possibility of adding eight more rooms to the existing structure. Furthermore, there's significant upside potential in optimizing management practices, and the property includes a 6,000 square foot banquet hall/meeting space, providing additional revenue streams. This presents an ideal entry point for first-time hospitality investors seeking a proven, high-performing asset with substantial growth potential. The asking price is $3,200,000.

Highlights

  • Prime I-95 location, minutes from Sea Island/St. Simons Island.
  • Expansion potential: add 8 rooms to the existing Motel 6.
  • Significant upside through improved management practices.
  • 6,000 sq ft banquet hall/meeting space generates additional revenue.
  • Excellent opportunity for first-time hospitality investors.

Property Details for 3040 Scarlett St

Property type
Hospitality properties, Hotels
Year Built
1971
Stories
2
Lot Size (sq. ft)
147,233 SF

Location Insight

City
Brunswick
County
Glynn
State
Georgia
Latitude
31.220161
Longitude
-81.519598
3040 Scarlett St, Brunswick, Georgia

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3040 Scarlett St
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