Active
1535 MONTGOMERY HIGHWAY
HOOVER AL, 35216
$2,480,000
$124.37 per sqft
Active
19,940 sqft
Commercial
Built in 1965
Perfect location for a hotel - HIGH visibility on the corner of I-65 and Highway 31 in Hoover. This is a 34 room 2 story motel with 9 interior rooms and 25 exterior rooms. 10 rooms are double beds, 22 are king beds and 2 are full sized beds. The motel is currently operating and tend to sell out on Friday and Saturday nights. There are two restaurants on site that lease from the current motel owners. Current owners have put refrigerators and microwaves in every room, replaced all mattresses and bedding, repainted and put in new flooring as well as new fire sprinklers and smoke alarms - $100,000 into capital improvements. Current owners do have an agreement with Econo Lodge but this can be revoked if new owners chooses to run under a different platform. LOCATION, LOCATION, LOCATION!! This could also be the perfect location for a Medical Office Building, Business Office, or start with a clean slate and build a brand new building. The possibilities are endless.
21403763
MLSⓇ ID
November 26, 2024
Listed
December 17, 2024
Updated
Map
1535 MONTGOMERY HIGHWAY
HOOVER AL, 35216
Interior Features
Total Stories
2
Interior Features
Carpet, Vinyl
Floor Description
Carpet, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
1.71 Acres
Other Property Details
Area Name
LibertyPark, Vestavia
Days on Market
21
Garage
No
View
No
County
Jefferson
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
12/17/2024 | Price change | $2,480,000 -20% |
Listed by Keller Williams Realty Hoover,Jerry Sager
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