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1535 Montgomery Highway

Hoover, AL 35216
  • $3,100,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 21403763
New On Site 5 Days Ago
UPDATED: 33 min ago
$3,100,000
  • 0
    BEDS
  • 1.71
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 19,940
    SQFT
  • $155
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:

School Ratings & Info

Greater Alabama MLS (Birmingham Association of Realtors) logo Listing provided courtesy of Keller Williams Realty Hoover.
© 2024 Greater Alabama MLS.



Description

Perfect location for a hotel " HIGH visibility on the corner of I-65 and Highway 31 in Hoover. This is a 34 room 2 story motel with 9 interior rooms and 25 exterior rooms. 10 rooms are double beds, 22 are king beds and 2 are full sized beds. The motel is currently operating and tend to sell out on Friday and Saturday nights. There are two restaurants on site that lease from the current motel owners. Current owners have put refrigerators and microwaves in every room, replaced all mattresses and bedding, repainted and put in new flooring as well as new fire sprinklers and smoke alarms - $100,000 into capital improvements. Current owners do have an agreement with Econo Lodge but this can be revoked if new owners chooses to run under a different platform. LOCATION, LOCATION, LOCATION!! This could also be the perfect location for a Medical Office Building, Business Office, or start with a clean slate and build a brand new building. The possibilities are endless.

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Greater Alabama MLS (Birmingham Association of Realtors) logo © 2024 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Brent Gulledge | EXIT Realty Crossroads. Data last updated: 2024-12-02T17:31:08.87.

www.exitrealtycrossroads.com/homes/158304587
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1535 Montgomery Highway Hoover, AL 35216

  • Price: $3,100,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 33 min ago
  • MLS #: 21403763
0
Beds
0
Baths
0
½ Baths
1.71
Acres
19,940
SQFT
$155
$/SQFT
1965
Built
Neighborhood:
Libertypark, Vestavia
County:
Jefferson
Area:
Libertypark, Vestavia
Property Description
Perfect location for a hotel " HIGH visibility on the corner of I-65 and Highway 31 in Hoover. This is a 34 room 2 story motel with 9 interior rooms and 25 exterior rooms. 10 rooms are double beds, 22 are king beds and 2 are full sized beds. The motel is currently operating and tend to sell out on Friday and Saturday nights. There are two restaurants on site that lease from the current motel owners. Current owners have put refrigerators and microwaves in every room, replaced all mattresses and bedding, repainted and put in new flooring as well as new fire sprinklers and smoke alarms - $100,000 into capital improvements. Current owners do have an agreement with Econo Lodge but this can be revoked if new owners chooses to run under a different platform. LOCATION, LOCATION, LOCATION!! This could also be the perfect location for a Medical Office Building, Business Office, or start with a clean slate and build a brand new building. The possibilities are endless.
Exterior Features

Commercial Property Type Business Construction Brick (CONST) Flood Plain YN No Parking Spaces Unassigned Street Property Access Paved RoadStreet Frontage

Interior Features

Cooling Ceiling FansCentral-GasOtherWindow Units Floors Tile/VinylWall-to-Wall Carpet Rooms Passenger ElevatorPrivate OfficesReception Area

Property Features

Building Name Econo Lodge Motel Financing CashConventional Sale Includes Building & Land Sale Rent For Sale Sales Type N/A Sewer / Septic Connected Type Of Business Hotel/Motel Water Public Water Year Built Desc Existing Zoning C2

Listing provided by Keller Williams Realty Hoover: (205) 822-2272.


Greater Alabama MLS (Birmingham Association of Realtors) logo © 2024 Greater Alabama MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX content is not guaranteed accurate by the MLS or Brent Gulledge | EXIT Realty Crossroads. Data last updated: 2024-12-02T17:31:08.87.

 
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Brent Gulledge | EXIT Realty Crossroads
2345 Moody Parkway, Suite 203
Moody AL, 35004
Greater Alabama MLS (Birmingham Association of Realtors) logo Listing provided courtesy of Keller Williams Realty Hoover.
© 2024 Greater Alabama MLS.