6237 Arlington ExpyJacksonville, FL 32211

  • Motels
  • 1,520 SF
For Sale
$9,500,000 View listing

Property Details for 6237 Arlington Expy

Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
3.24 AC
Property size (Sq ft)
1,520 SF
Zone code
CCG-2
Property type
Motels
APN
142144-0000
APU
1421440000

Description

The Regency Inn, a 142-key motel located at 6237 Arlington Expressway, Jacksonville, FL 32211, is offered for sale at $9,500,000. This exceptional investment opportunity encompasses a 3.25-acre lot and a substantial 73,895 square foot building, currently operating at 100% occupancy. Built in 1970 and renovated in 1990, the property consists of four buildings, each two stories high, and is zoned CCG-2. The property features well-appointed rooms designed to cater to the demand for extended-stay accommodations, including dedicated workspaces and high-speed internet access. Its strategic location in Jacksonville offers convenient access to key business and leisure destinations, making it an attractive option for travelers. The price per square foot is $128.56. This is a redevelopment opportunity with significant potential for long-term profitability in Jacksonville's thriving hospitality sector. The property's parcel number (APN) is 142144-0000. The sale is offered by the owner.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $192,171
    6.5%
    $177,389
    7%
    $164,718
  • Comparable approach

    Method
    Valuation
    Relative Method
    $87,868.90
    Geo Method
    $87,868.90
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $478,216
    Retail / Commercial
    $244,419
    Mixed-Use / Specialty
    $242,912
    Office
    $240,806
    Institutional / Educational
    $252,303
    Residential Income
    $295,195
    Multifamily
    $357,567
    Automotive / Energy
    $216,260
    Parking / Income-Based Land
    $75,257.10
    Restaurant / Food Service
    $124,983
    Healthcare / Senior Housing
    $249,754

Location Insight

City
Jacksonville
County
Duval
State
Florida
Latitude
30.3284
Longitude
-81.5933
CBSA code
27260
CBSA name
JACKSONVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$202,129
$1,406,571
$1,608,700
-
$202,129
$1,406,571
$1,608,700

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