811 Old Grants Mill RdBirmingham, AL 35210

Property Details for 811 Old Grants Mill Rd

Year built

2002

Lot size

4.65 AC

Property size (Sq ft)

30,256 SF

Zone code

C1

Property type

Hospitality properties

Property subtype

Motels

APN

23-00-24-4-004-006.001

APU

2300244004006001

Description

This exceptional 99-room Holiday Inn Express & Suites in Birmingham, Alabama, presents a compelling investment opportunity. Located off Interstate-20, near Birmingham-Shuttlesworth International Airport, the Birmingham Zoo, and the Birmingham Race Course Casino, this four-story, limited-service hotel boasts a prime location with high visibility and convenient access to major transportation routes. The property, built in 2002, underwent extensive renovations in 2024, totaling approximately $2,300,000, to meet the Formula Blue Property Improvement Plan (PIP) standards, completed in early May 2023. A significant four-year lodging contract, signed October 1, 2023, is projected to generate an additional $700,000 in annual revenue. The hotel features an interior corridor and benefits from high daily traffic counts on Old Grants Mill Road (approximately 27,600 vehicles). Its established location in a growing market, coupled with the highly desirable Holiday Inn Express brand, offers investors substantial potential for increased profitability through focused management and marketing strategies. The property's APN is 23-00-24-4-004-006.001 and is zoned for Commercial - Hotels/Motels. The asking price is $12,000,000.

Location Insight

City

Irondale

County

Jefferson

State

Alabama

Latitude

33.5343

Longitude

-86.6941

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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