For Sale
$3,000,000

5601 Carmichael RdMontgomery, AL 36117

120-Key Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
117
This 120-key, three-story hotel in Montgomery, Alabama, presents a compelling investment opportunity. Situated on a 2.4-acre lot at 5601 Carmichael Rd, it boasts convenient access to I-85, Montgomery Regional Airport (14.4 miles), and downtown Montgomery (7 miles). The hotel's proximity to Alabama State University (6 miles), Faulkner University (2.1 miles), and Auburn University at Montgomery (2 miles) ensures consistent demand. Nearby cultural attractions include the Montgomery Museum of Fine Arts (0.7 miles), Wynton Blount Cultural Park, Carolyn Blount Theatre, and the Alabama Shakespeare Festival (within 2 miles). The property also offers two manager's apartments, one featuring a full kitchen, bedroom, dining, and living room. Many rooms include kitchenettes. Its location near various demand generators, coupled with the potential for conversion to multifamily apartments (with anticipated quick zoning approval), makes this a highly attractive investment. The asking price is $3,000,000, and bank financing is available. This interior corridor hotel presents a unique opportunity to capitalize on the thriving Montgomery market.

Highlights

  • 120-room hotel in Montgomery, AL.
  • Interior corridor design.
  • 2.4-acre lot.
  • Three-story building.
  • Two manager's apartments; one with full kitchen, bedroom, dining, and living room.
  • Select rooms feature kitchenettes.

Property Details for 5601 Carmichael Rd

Property type
Hospitality properties, Hotels
Stories
3
Lot Size (sq. ft)
104,544 SF

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.3607085
Longitude
-86.2116825
5601 Carmichael Rd, Montgomery, Alabama

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5601 Carmichael Rd
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