Relax Inn

33691 U.S. 43, Thomasville, AL

$1,775,000

Price

12%

Cap Rate

27,076 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
12%
Building Size
27,076 sqft
Lot Area
2.63 acres
Units
65
Occupancy
40%
Year Built
1991
Floors
1
Roof
Metal
Description

Relax Inn, very well maintained, independent hotel in Thomasville AL, being offered for sale. The property built in 1991, sits on 2.63 acres on the north side of downtown Thomasville. The property has been owned and managed by the same family for 20 years. It offers 65 rooms plus large manager/owner apartment, an outdoor pool (currently closed) and large meeting/conference room. Recent updates include: LVT flooring in lobby, electronic locks, new parking lot and new carpet in all rooms. Metal roof was installed in 2011. Consistent occupancy and revenue history. Growing business climate is showing through their main industry drivers: three wood related processing plants, custom metal processing, piping plants, a revitalized historic downtown and the newly initiated Phase I of West Alabama Corridor Project. This is a four lane highway that will connect Tuscaloosa to Mobile AL, via Thomasville. This will be a great opportunity for new owner to be a part of a growing business community.


On Hwy 43 90 miles from Mobile AL

100 miles from Montgomery AL

140 miles from Birmingham AL

75 miles from Meridian Regional Airport


Relax Inn, very well maintained, independent hotel in Thomasville AL, being offered for sale. The property built in 1991, sits on 2.63 acres on the north side of downtown Thomasville. The property has been owned and managed by the same family for 20 years. It offers 65 rooms plus large manager/owner apartment, an outdoor pool (currently closed) and large meeting/conference room. Recent updates include: LVT flooring in lobby, electronic locks, new parking lot and new carpet in all rooms. Metal roof was installed in 2011. Consistent occupancy and revenue history. Growing business climate is showing through their main industry drivers: three wood related processing plants, custom metal processing, piping plants, a revitalized historic downtown and the newly initiated Phase I of West Alabama Corridor Project. This is a four lane highway that will connect Tuscaloosa to Mobile AL, via Thomasville. This will be a great opportunity for new owner to be a part of a growing business community.

Location
Gallery