This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Howard Johnson Express Inn Tallahassee 2726 N Monroe St

51 Room Hotel Tallahassee, FL 32303 $4,905,900 CAD ($96,194 CAD/Room)

Executive Summary

Imagine owning a piece of Tallahassee's hospitality legacy with Howard Johnson at 2726 N Monroe St. This prime property boasts 51 rooms across a 21,198 SF building on 1.1 acres of land. Built-in 1985, the price of $3,450,000 presents an attractive investment opportunity with a price per key of $82,353 and a price per square foot of $198.13. Located amidst a demographic hub with a promising 2023 population projection and growing household incomes, this property offers both historic charm and modern appeal. Howard Johnson stands out as a lucrative investment prospect, featuring a two-story structure, zoning in the CP category, and a strategic layout of 9,347 SF parcels across 47,916 SF of land. The surrounding area's economic vibrancy and demographic growth further emphasize its commercial potential. Explore this opportunity to own a piece of Tallahassee's hospitality landscape with Howard Johnson.

Property Facts

Price $4,905,900 CAD
Price Per Room $96,194 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.10 AC
Building Size 21,198 SF
No. Rooms 51
No. Stories 2
Year Built 1985
Parking Ratio 2.59/1,000 SF
Corridor Exterior

Amenities

  • Pool

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 51 $112.34 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
21-14-20-423-000.0
Land Assessment
$536,395 CAD
Improvements Assessment
$857,862 CAD
Total Assessment
$1,394,257 CAD

zoning

Zoning Code CP
CP
  • Listing ID: 32246997

  • Date on Market: 2024-06-25

  • Last Updated:

  • Address: 2726 N Monroe St, Tallahassee, FL 32303

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}