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  

All information deemed reliable but not guaranteed and should be independently verified. The properties displayed are provided courtesy of the Real Estate Brokers participating in the Greater Alabama MLS. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Team Sparkman shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Greater Alabama MLS. All rights reserved.

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