196 Virginia AveTifton, GA 31794

Property Details for 196 Virginia Ave

Year built

2000

Lot size

1.82 AC

Property size (Sq ft)

31,083 SF

Property type

Motels

APN

T018-046

APU

T018046

Description

This 82-key Microtel Inn & Suites by Wyndham in Tifton, Georgia, presents a compelling investment opportunity. Priced at $4,850,000, this three-story, interior-corridor hotel boasts a prime location just off Interstate I-75, offering convenient access for travelers. Situated on a 1.82-acre lot, the property is approximately two miles from downtown Tifton and within close proximity to several key attractions. These include the Georgia Museum of Agriculture and Historic Village, the Tift Theatre, and the Tifton Museum of Arts and Heritage, all within a two-mile radius. Furthermore, the hotel benefits from its proximity to Tift Regional Medical Center (four miles), Abraham Baldwin Agricultural College (three miles), and Tifton Municipal Airport (four miles), catering to a diverse range of clientele. Tifton's status as an agricultural hub ensures consistent business travel, further enhancing the property's revenue potential. Built in 2000, the hotel has undergone significant capital improvements and is offered with bank financing available. The seller has invested substantially in renovations, ensuring the property is well-maintained and ready for continued success. This represents a strong investment in a thriving location with excellent access to major transportation routes and local amenities. The property's strategic location and recent improvements make it an attractive option for investors seeking a profitable hospitality venture in a dynamic market.

• CAP approach

  CAP return

  Valuation

  6%

  $4,385,124

  6.5%

  $4,047,808

  7%

  $3,758,678

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,192,772

  Geo Method

  $5,192,772

• Alternative Use

  Use

  Valuation

  Residential

  $4,419,030

  Hospitality

  $4,047,808

  Educational

  $3,367,728

  Medical

  $3,483,550

  Retail

  $5,238,688

Location Insight

City

Tifton

County

Tift

State

Georgia

Latitude

31.4521

Longitude

-83.5295

CBSA code

45700

CBSA name

TIFTON, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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