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$4,000,000
189 Days On Site

316 S Main Street
Statesboro, GA 30458

For Sale|Business|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1991
Built
County:
Bulloch

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 404-429-3385
Is this the home for you? We can help make it yours.
404-429-3385
316 S Main Street316 S Main Street316 S Main Street316 S Main Street
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The Red Roof Inn, conveniently located just 3 miles away from the esteemed Statesboro University, has undergone an impressive transformation with recent renovations that enhance both its aesthetic appeal and functionality. Guests will appreciate the brand-new roof, which comes with a robust 15-year warranty, ensuring peace of mind for years to come. Among its 65 well-appointed rooms, 10 luxurious suites provide an elevated experience, while 2 rooms have been specially designated for housekeeping purposes. This property generates a remarkable $870,000 in gross annual revenue, showcasing its strong performance in the hospitality sector. With a competitive Average Daily Rate (ADR) of $65, the inn enjoys a stable occupancy rate ranging from 60% to 65%, making it an attractive investment opportunity. Interested investors and potential buyers are encouraged to reach out to the listing agent for further details. The asking price is flexible, and arrangements for private loans have already been pre-approved, easing the path to ownership. Viewings of this vibrant business are offered by appointment only, and it is important to note that the property is currently staffed by dedicated employees who ensure it runs smoothly.

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Listing Snapshot
Price 
$4,000,000
Days On Site 
189 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.33 Acres
Year Built 
1991
MLS® Number 
7461737
Status 
Active
Property Tax 
$30,000
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoStatus changed to Active
2 months agoListing updated with changes from the MLS®
6 months agoListing first seen on site
General Features
Acres 
1.33
Foundation 
Block
Number Of Stories 
2
Parking 
Parking Lot
Parking Spaces 
100
Property Sub Type 
Business
Security 
Fire Sprinkler SystemSecurity Lights
Stories 
Two
Utilities 
Cable AvailableElectricity AvailableNatural Gas AvailableSewer AvailableWater Available
Zoning 
HOC
Interior Features
Basement 
None
Cooling 
Ceiling Fan(s)Other
Electric 
220 Volts
Flooring 
CarpetTileVinylOther
Heating 
Forced Air
Interior 
Other
Window Features 
Display Window(s)
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Exterior Features
Construction Details 
Aluminum Siding
Fencing 
None
Other Structures 
None
Road Frontage 
City Street
Roof 
Metal
View 
Other
Waterfront Features 
None
Waterview 
Other
Windows/Doors 
Display Window(s)
Community Features
Accessibility Features 
Accessible DoorsAccessible Electrical and Environmental ControlsAccessible EntranceAccessible Full BathGrip-Accessible FeaturesAccessible Hallway(s)Accessible KitchenAccessible Kitchen AppliancesAccessible Washer/Dryer
Roads 
Asphalt
Listing Provided Courtesy Of: PIYUSHA ZOPE of Virtual Properties Realty.com [email protected]

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