Motel Property with Adjacent House in Albany, GA! - Business for Sale
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Motel with 24 Rooms and Adjacent House in Albany, GA
Albany, GA, US
Added today
Motel and Hospitality Property
1967 years in business
This listing is for a newly renovated motel with 24 rentable rooms and an adjacent house included, located in Albany, Georgia.
Key Information
Asking
$1.2M
Revenue
$250K
Earnings
$167K
Multiple
7.2x
Key Highlights
- Motel has 24 rentable rooms, with opportunity to expand to 30 rooms.
- Daily rate is $45, weekly rate is $225, monthly rate is $800.
- Occupancy rate is approximately 70%.
- Business was established in 1967.
- Property includes a 1,000 sq ft adjacent house (1 bedroom, 1 bath, plus basement) in bad condition, with potential rental income after renovation.
Contact Info
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