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Greensboro Acadia Inn 312 W J J Dr

104 Room Hotel Greensboro, NC 27406 £2,282,250 (£21,945/Room) 10.38% Net Initial Yield

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Investment Highlights

Additional Room for expansion, Seller will Finance, Great Starter Opportunity

Executive Summary

Great starter opportunity solid business with daily, weekly, and monthly rentals

Photo Brochure Flyer_111624

Actual 2023 and Proforma 12 months

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	£589,602	£15.73
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£589,602	£15.73
Taxes	£24,345	£0.65
Operating Expenses	£283,904	£7.57
Total Expenses	£308,250	£8.22
Net Operating Income	£281,352	£7.51

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	£589,602
Annual Per SF	£15.73

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£589,602
Annual Per SF	£15.73

Taxes
Annual	£24,345
Annual Per SF	£0.65

Operating Expenses
Annual	£283,904
Annual Per SF	£7.57

Total Expenses
Annual	£308,250
Annual Per SF	£8.22

Net Operating Income
Annual	£281,352
Annual Per SF	£7.51

Property Facts

Price	£2,282,250	Lot Size	3.01 AC
Price Per Room	£21,945	Building Size	37,482 SF
Sale Type	Investment	No. Rooms	104
Net Initial Yield	10.38%	Number of Floors	1
Sale Conditions	1031 Exchange Business Value Included	Year Built	1972
Property Type	Hospitality	Tenancy	Single
Property Subtype	Hotel	Parking Ratio	2.91/1,000 SF
Building Class	C	Corridor	Exterior

Price	£2,282,250
Price Per Room	£21,945
Sale Type	Investment
Net Initial Yield	10.38%
Sale Conditions	1031 Exchange Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	3.01 AC
Building Size	37,482 SF
No. Rooms	104
Number of Floors	1
Year Built	1972
Tenancy	Single
Parking Ratio	2.91/1,000 SF
Corridor	Exterior

Amenities

High Speed Internet Access

Public Access Wi-Fi

About 312 W J J Dr , Greensboro, NC 27406

Large lot on interstate 40, with immediate access. Property has One office with managers quarters, two buildings having 52 rooms each, total rooms 104; plus potential for an additional 52 rooms. Property also includes a Freeway Bill Board for additional revenue or advertising.

Room Mix Information

Description	No. Rooms	Daily Rate	SF
Guest Room	104	£47.40	-

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aerial
map

312 W J J Dr, Greensboro, NC - aerial map view - Image1

312 W J J Dr, Greensboro, NC - aerial map view - Image2

PROPERTY TAXES

Parcel Number	0093094	Total Assessment	£960,336
Land Assessment	£227,523	Annual Taxes	£24,345 (£0.65/sf)
Improvements Assessment	£732,813	Tax Year	2023

PROPERTY TAXES

Parcel Number

0093094

Land Assessment

£227,523

Improvements Assessment

£732,813

Total Assessment

£960,336

Annual Taxes

£24,345 (£0.65/sf)

Tax Year

2023

zoning

Zoning Code	LI (Originally permitted for 150 rooms and a 4th building. One building was never rebuilt and permitting is allowed for additional 52 rooms.)
LI (Originally permitted for 150 rooms and a 4th building. One building was never rebuilt and permitting is allowed for additional 52 rooms.)