114 Room Hotel For Sale - Jacksonville

Hospitality for Sale
Catylist Listing ID: 30745271
Property Subtypes: Hotel, Motel
Number of Units: 114 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 2.48 Acres
Sale Price: $5,700,000
Unit Price: $50,000 Per Unit
Ceiling: 9 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/3/2021

Overview / Comments

This Hotel is situated prominently on Marine Blvd. It is ready for some light rehab work to get the site prepared to either be reborn as a Hotel or to convert into Efficiency apartment units, providing affordable housing.

There are 114 Rooms, a well appointed lobby, 2 Ball rooms, restaurant space, Bar / nightclub by the pool and fitness center. The hotel has 4 floors of exterior corridor entry rooms, a central elevator area with two guest elevators and one service elevator.

This Hotel Sites on 2.48 acres of real estate in Downtown Jacksonville and minutes to the Base.

Excellent opportunity for Market Entry for a new hotelier or multifamily rehabilitation.

Additional Details

Nearest MSA: Jacksonville
County: Onslow
Taxing Authority: City of Jacksonville / Onslow County
Tax ID/APN: 437719621302
Zoning: B-1
Retail Clientele: General
Property Located Between: Elizabeth Street and Preston Road
Property Visibility: Excellent
Largest Nearby Street: N Marine Blvd
Highway Access: Direct
Site Description: Existing Hotel on 2.48 Acres
Area Description: Downtown Jacksonville
Nearby Attractions: Camp Lejune, Downtown Jacksonville
Total Number of Buildings: 1
Number of Stories: 4
Property Condition: Average
Roof Type: Flat
Construction/Siding: Stucco
Water Recreation: Outdoor Pool, Other
Exterior Description: stucco exterior facade
Total Parking Spaces: 130
Parking Type: Surface
Parking Description: open parking field
Passenger Elevators: 2
Freight Elevators: 1
Sprinklers: None
Laundry: Shared
Heat Type: Electricity, Natural Gas
Heat Source: Wall Units
Air Conditioning: Package Unit
Internet Access: Cable

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,185 51,269 86,050
Median Age: 28 27.83 26.82
Households: 4,057 18,960 29,934
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