33 Kinard Bridge RdLenox, GA 31637

Property Details for 33 Kinard Bridge Rd

Year built

1970

Lot size

0.81 AC

Property size (Sq ft)

2,673 SF

Property type

Hospitality properties

Property subtype

Motels

APN

L002-051

APU

L002051

Description

This exceptional investment opportunity presents a 48-unit motel situated on a 0.89-acre lot at 33 Kinard Bridge Road, Lenox, Georgia, 31637. Built in 1970, this single-building property offers significant potential for return. The motel boasts convenient amenities including an indoor pool and guest laundry facilities, enhancing guest experience and attracting a wider clientele. Further adding to its appeal is an on-site restaurant, providing an additional revenue stream and convenience for guests. The property also includes a manager's apartment, featuring both a two-bedroom and a four-bedroom unit, located conveniently above the front desk. This strategic location in a rural farming community ensures consistent occupancy, particularly during peak farming seasons when the hotel regularly operates at full capacity. The motel's proximity to the town of Lenox (1/8 mile) and two other gas stations at the exit ramp provides excellent visibility and accessibility for travelers. The asking price for this established and profitable business is $1,589,900. This represents a compelling opportunity to acquire a well-maintained, income-generating property in a thriving rural market. The property's strong performance history and attractive amenities make it an ideal investment for those seeking a stable and profitable venture in the hospitality sector.

• CAP approach

  CAP return

  Valuation

  6%

  $378,871

  6.5%

  $349,727

  7%

  $324,747

• Comparable approach

  Method

  Valuation

  Relative Method

  $446,555

  Geo Method

  $446,555

• Alternative Use

  Use

  Valuation

  Residential

  $381,801

  Hospitality

  $349,727

  Educational

  $290,969

  Medical

  $300,976

  Retail

  $452,618

Location Insight

City

Lenox

County

Cook

State

Georgia

Latitude

31.2702

Longitude

-83.4701

Property Tax & Assessments

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