Sunset Inn | 32810 Highway 43
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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
Amenities
- Public Access Wi-Fi
- Digital key
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 21 | £32.90 | - |
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PROPERTY TAXES
Parcel Number | 1006144000074000 | Improvements Assessment | £63,698 |
Land Assessment | £29,875 | Total Assessment | £93,573 |
PROPERTY TAXES
Parcel Number
1006144000074000
Land Assessment
£29,875
Improvements Assessment
£63,698
Total Assessment
£93,573
zoning
Zoning Code | C (Commercial) |
C (Commercial) |
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Sunset Inn | 32810 Highway 43
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