Motel Property with Adjacent House in Albany, GA! - Business for Sale
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24-Room Motel with Adjacent House in Albany, GA
Albany, GA, US
Added 1 month ago
Motel and Property Rental Services
1967 years in business
This listing is for a newly renovated 24-room motel with an adjacent house included in Albany, Georgia, serving short-term and extended-stay guests near local schools and attractions.
Key Information
Asking
$1.2M
Revenue
$250K
Earnings
$167K
Multiple
7.2x
Key Highlights
- Business was established in 1967.
- Motel has 24 rentable rooms, with potential to expand to 30 rooms.
- Occupancy rate is approximately 70%.
- Daily rate is $45, weekly rate is $225, and monthly rate is $800.
- Sale includes an adjacent 1,000 sq ft house (1 bedroom, 1 bath, basement) in need of complete renovation, with potential rental income of $650 per month after renovation.
Contact Info
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