2200 Corporate Plaza PkwySmyrna, GA 30080

Property Details for 2200 Corporate Plaza Pkwy

Year built

1983

Lot size

3.27 AC

Property size (Sq ft)

41,304 SF

Zone code

GC

Property type

Hotels

Property subtype

Motels

APN

17085100160

APU

17085100160

Description

This exceptional 129-key hotel presents a compelling investment opportunity in Smyrna, Georgia. Situated on a 3.27-acre lot at 2200 Corporate Plaza SE, 30080, this two-story property boasts a prime location near Truist Park, home of the Atlanta Braves. Originally constructed in 1983, the hotel underwent a significant renovation between 2018 and 2019, ensuring modern amenities and updated facilities for guests. The property's hospitality classification and hotel subtype highlight its established operational history within the thriving Smyrna market. Its convenient proximity to Truist Park offers significant potential for increased occupancy, particularly during sporting events and other major attractions. This presents an ideal scenario for an owner-operator seeking to capitalize on the high-traffic area and maximize revenue potential through strategic management and operational improvements. The property's size and location make it a strong contender for investors looking for a well-established hotel with significant upside in a desirable market. The recent renovations ensure the property is well-maintained and ready for immediate operation. This is a rare opportunity to acquire a well-positioned hotel in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $9,235,721

  6.5%

  $8,525,281

  7%

  $7,916,332

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,011,243

  Geo Method

  $18,933,382

• Alternative Use

  Use

  Valuation

  Residential

  $9,307,130

  Hospitality

  $8,525,281

  Educational

  $7,092,934

  Medical

  $7,336,871

  Retail

  $11,033,453

Location Insight

City

Smyrna

County

Cobb

State

Georgia

Latitude

33.8992

Longitude

-84.478

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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