2201 Memorial Pky NW, Huntsville, AL

Hotel for Sale - $3,700,000


Agent Info

Silvestre Madrigal
CENTURY 21 Allstars

Property Info

CIMLS#1156888
Location
  2201 Memorial Pky NW
  Huntsville AL 35810
UpdatedMarch 29th, 2024
TypeHotel
Price$3,700,000

Property Description

Introducing the Budgetel Inn Huntsville , a prime investment opportunity located at 2201 Memorial Pky NW, Huntsville, AL 35810 . With a total of 98 rooms, encompassing a spacious 39,812 SF of Gross Building Area on 2.35 acres of land, this property boasts a rich history, dating back to 1952. Strategically positioned in a thriving area, the property benefits from convenience and accessibility, with a high demographic profile offering a median household income of $47,167 within a 3-mile radius. Ideal for investors seeking a lucrative opportunity, the Budgetel Inn Huntsville presents a compelling price point of $3,700,000, translating to just $37,755 per key. The property features a two-story structure with a typical floor layout of 15,000 SF, offering immense potential for growth and development. Don't miss out on this exclusive investment prospect - seize the chance to acquire the Budgetel Inn Huntsville and unlock a world of possibilities in the heart of Huntsville!


Financials