Property Listing No Longer Available for Sale

Cherokee Ave SW, Cullman, AL

Hotel for Sale - $751,410 - 1.5 acres


Property Info

CIMLS#86604
Location
  Cherokee Ave SW
  Cullman AL 35055
UpdatedApril 4th, 2009
TypeHotel
Price$751,410
Land1.5 acres

Property Description

FANTASTIC HOTEL PARCEL. Cherokee Plaza is a 13+/- acre retail/restaurant/hotel development in fast-growing Cullman, AL. This listing is for a specific 1.5 (minimum) - 3 acres the developer has set aside specifically for a hotel. In this area of Cullman, there is little or no competition, making this fast-growing area even more attractive. The "LIST PRICE" shown above is for 1.5 acres. A feasibility study has been completed for this site and details a strong performance for an extended-stay concept but the developer is open to other hotel concepts. Three restaurants are already committed to the development's outparcels, along with retailer LOI's for the retail centers. This designated hotel parcel backs up to the Cullman Recreation park which hosts softball/baseball tournaments 42-43 weekends per year and a new Aquatics Center. New retail centers, Wal-Mart Supercenter, restaurants, Carmike 10 Cinema and Cullman's full-service Woodland Medical Center (100+/- bed) are approximately 1/3 mile from the hotel parcel. Wal-Mart Distribution Center and a 3-phase industrial park are within 1/2 - 1.5 miles. Contact Tony Mazzola of Time2Move Realty at 205-999-2085.