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Red Roof Inn Tallahassee East 6737 Mahan Dr

59 Room Hotel Tallahassee, FL 32308 $4,535,904 CAD ($76,880 CAD/Room)

Investment Highlights

  • desirable location, recent renovations, and amenities, this motel has the potential to be a lucrative investment in the hospitality industry

Executive Summary

59-unit two-story motel with recent renovations and ample parking, located near popular businesses like Amazon and Publix, as well as newly constructed subdivision communities, holds significant potential. The additional lot with a storage building equipped with laundry machines and linen storage shelves adds value and utility to the property. Furthermore, the presence of a fenced-in pool with a pool shed enhances its appeal, particularly for guests looking for leisure amenities.Given its prime location and recent updates, this motel could attract a variety of guests, including tourists, business travelers, and individuals relocating to the area. Additionally, the proximity to thriving businesses like Amazon and Publix suggests potential for corporate bookings or long-term stays.
To maximize the property's potential, you might consider implementing effective marketing strategies to reach your target audience, such as online listings, social media promotion, and partnerships with local businesses. Providing excellent customer service and maintaining the property's cleanliness and amenities will also contribute to positive guest experiences and foster repeat business.
Furthermore, exploring opportunities for partnerships with local event organizers or tour companies could help attract group bookings or package deals, especially if there are attractions or events in the surrounding area.

Property Facts

Price $4,535,904 CAD
Price Per Room $76,880 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 3.03 AC
Building Size 28,873 SF
No. Rooms 59
No. Stories 2
Year Built/Renovated 1984/2022
Tenancy Single
Parking Ratio 2.18/1,000 SF
Corridor Exterior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 59 $136.08 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-18-15-00A-012.0
Land Assessment
$620,438 CAD
Improvements Assessment
$1,058,528 CAD
Total Assessment
$1,678,966 CAD

zoning

Zoning Code CP (Commercial Parkway)
CP (Commercial Parkway)
  • Listing ID: 31692304

  • Date on Market: 2024-05-03

  • Last Updated:

  • Address: 6737 Mahan Dr, Tallahassee, FL 32308

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