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Sunset Inn 32810 Highway 43

21 Room Hotel Thomasville, AL 36784 £446,481 (£21,261/Room) 13.66% Net Initial Yield

Investment Highlights

  • Good visibility
  • New roof 2020
  • New locks 2021
  • Phase I of highway widening towards Tuscaloosa has initiated
  • 2024 New exterior LED sign installed
  • Growing community

Executive Summary

PRICE ADJUSTMENT & Assumable 3.75% loan ! Sunset Inn, independent, exterior corridor hotel in Thomasville AL, being offered for sale. The property sits on a 1 acre parcel on Hwy 43. It is 2 story, with 24 rooms, separate building with office, 2 bedroom apartment, additional 2 bedroom apartment with full kitchen. 6 rooms have access to 4 kitchenettes. 4 of the rooms and 4 kitchenettes are currently used as storage and need updating. The property was built in 1960, updated in 2013. Roof replaced in 2020 with upgraded shingles. Current owner has operated the hotel the past 11 years without significant online presence and no marketing. Multiple opportunities to increase revenue. Currently setup to accept credit cards and cash payments. Thomasville, although a small town has a growing business climate with their main industry drivers being: wood processing plants, metal processing, piping plants, a revitalized historic downtown and fall hunting season that attracts many regular visitors. The newly initiated Phase I of West Alabama Corridor Project will be a four lane highway connecting Tuscaloosa to Mobile AL, via Thomasville. This is a great opportunity for new owner to be a part of a growing business community.

Property Facts

Price £446,481
Price Per Room £21,261
Sale Type Investment
Net Initial Yield 13.66%
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.10 AC
Building Size 12,000 SF
No. Rooms 21
Number of Floors 2
Year Built/Renovated 1960/2013
Parking Ratio 3.08/1,000 SF
Corridor Exterior

Amenities

  • Public Access Wi-Fi
  • Digital key

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 21 £32.90 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1006144000074000
Land Assessment
£29,875
Improvements Assessment
£63,698
Total Assessment
£93,573

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 33223580

  • Date on Market: 18/09/2024

  • Last Updated:

  • Address: 32810 Highway 43, Thomasville, AL 36784

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