Airport Motor Inn & 747 Flight Lounge 1500 Airport Rd

OFFERING OVERVIEW:
DSH Hotel Advisors has been retained as the exclusive broker to market for sale the 747 Motel and Lounge in Jacksonville, Florida, also known as the Airport Motor Inn and Flight 747 Liquor Store & Lounge. The property is conveniently located just 2 miles from the Jacksonville International Airport. The hotel features 43 rentable rooms along with a manager’s suite, which consists of two rooms, a kitchen, and a renovated bathroom. This suite has the potential to be converted into additional rentable rooms, increasing the total room count to 45. The property also features both a bar/lounge and a liquor/package store with a drive-through, all located within a single building, which holds a 4COP license, which is among the highest-tier liquor licenses. This type of license is issued through a quota system, making it exceedingly difficult to obtain. In Duval County, a 4COP license is valued at approximately $1 million on the open market. The lounge is known for its laid-back atmosphere, popular with locals and travelers alike, and the property has the potential for further development with opportunities to expand hotel operations and renovate guest rooms to enhance its appeal.

MARKET OVERVIEW:
The Jacksonville Metropolitan Statistical Area (MSA) is one of Florida’s fastest-growing regions, driven by a diverse economy and a blend of industries that act as significant demand generators. Key sectors include financial services, healthcare, transportation, logistics, military, and manufacturing. Major employers such as Fidelity National Financial, Bank of America, and Mayo Clinic have established a strong presence in the area, contributing to a robust job market and attracting business travelers. Jacksonville is also home to several military installations, including Naval Air Station Jacksonville and Naval Station Mayport, bringing in both active-duty military personnel and civilian contractors. Additionally, the city’s strategic location along the St. Johns River and the Atlantic Ocean has helped position it as a logistics and transportation hub, with the Port of Jacksonville being one of the nation’s largest and most active ports. Jacksonville has become a popular destination for leisure travelers, thanks to its 22 miles of pristine beaches, outdoor activities like golfing, boating, and fishing, and cultural offerings such as the Cummer Museum of Art and the Jacksonville Zoo and Gardens. Sports fans also flock to the city for Jacksonville Jaguars NFL games and annual events like The Players Championship, a major golf tournament. With its growing downtown area, vibrant neighborhoods, and close proximity to historic attractions like St. Augustine and the natural beauty of Amelia Island, the Jacksonville MSA appeals to a wide variety of travelers. The region’s affordability, expanding infrastructure, and steady population growth further underscore its status as a high-growth market, attracting new residents, businesses, and visitors alike. The University of Florida’s campus in Jacksonville, primarily focused on medical and health sciences education, with approximately 2,000 medical residents, fellows, and faculty, are engaged in training and education through UF Health Jacksonville.
Jacksonville International Airport (JAX) serves as the primary aviation hub for Northeast Florida, offering a modern and efficient gateway to the region. As one of the fastest-growing airports in the state, JAX handles over 7 million passengers annually, reflecting the area’s surge in tourism and business travel. The airport is well-connected, supported by approximately 10 major airlines, including Delta, American, Southwest, JetBlue, United, and Frontier. These carriers offer nonstop flights to over 30 destinations across the United States, with a few international routes as well. Frequent travelers enjoy easy access to major hubs such as Atlanta, Charlotte, Dallas, and Chicago.


Property Highlights:
Flight 747 Motel and Lounge
43-Room / 2 Stories / Exterior Corridor
Year Built - 1971 Concrete Construction*
Property Features Bar/Lounge and a Liquor/Package Store w/ Drive-Through Access
Bar/Lounge Holds a 4COP Liquor License, Valued At $1M+/-
Located in a High Growth Market
Close Proximity to Jacksonville International Airport
Amenities Include: Outdoor Covered Seating/Pavilion, Tiki Bar
*Per Property Appraiser report



Location Highlights:
1.4 Miles to University of Florida Health North Jacksonville
2 Miles from Jacksonville International Airport
10.7 Miles to Jacksonville Zoo
13.9 Miles to Downtown Jacksonville
16.5 Miles to Cummer Museum of Art & Gardens
18.1 Miles to Everbank Stadium (Home to Jacksonville Jaguars)
22.7 Miles to Jacksonville Naval Air Station
23.0 Miles to Naval Station Mayport
26.5 Miles to Atlantic Beach



Financial Highlights:
List Price of $5,600,000
YE 2023 Room Revenue: $212,072
YE 2023 747 Bar/Lounge Revenue: $1,086,887
Year 1 Projected Total Revenue & NOI: $1,298,958 Projected Total Revenue / $502,755 NOI