702 Florala HwyOpp, AL 36467

Property Details for 702 Florala Hwy

Year built

1960

Property size (Sq ft)

17,196 SF

Property type

Hospitality properties

Property subtype

Motels

APN

23-11-08-33-1-003-002.000

APU

231108331003002000

Description

This 50-key OYO Hotel in Opp, Alabama, presents a compelling value-add investment opportunity. Located at 702 Florala Hwy (331S), this two-story, 1.59-acre property boasts 30 currently operational rooms, generating $216,437 in revenue in 2023. Built in 1960 and renovated in 2019, the hotel features three wings with roofs in good condition, minimizing immediate capital expenditure needs. Eight rooms are ready for renovation, primarily requiring the installation of televisions. Additional rooms were previously under renovation but were paused due to COVID-19 restrictions. An on-site, two-bedroom apartment with a family room, living room, and full bathroom provides convenient owner/manager accommodations. The flexible OYO contract allows for immediate cancellation, enabling rebranding or independent operation. Seller financing is available, offering flexible terms to fund renovations and marketing initiatives to increase occupancy and revenue. The property's location on a major highway ensures high visibility and convenient access for travelers, capitalizing on the region's demand for budget-friendly lodging. This represents a rare chance to acquire an income-producing asset with significant upside potential at an attractive price, suitable for both seasoned hotel operators and first-time investors seeking strong cash flow and long-term growth. The property's individual ownership and distressed sale condition further enhance its investment appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $2,645,281

  6.5%

  $2,441,798

  7%

  $2,267,384

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,735,068

  Geo Method

  $2,872,790

• Alternative Use

  Use

  Valuation

  Residential

  $2,665,734

  Hospitality

  $2,441,798

  Educational

  $2,031,547

  Medical

  $2,101,415

  Retail

  $3,160,184

Location Insight

City

Opp

County

Covington

State

Alabama

Latitude

31.2756

Longitude

-86.2496

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].