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Atlanta Motel 12520 State St 14 Room Hotel Atlanta, MI 49709 $787,781 CAD ($56,270 CAD/Room)
INVESTMENT HIGHLIGHTS
- Motel Complex; High Visibility; Highway Access; Kitchen Area; Laundry; Living Quarters; Restroom (s); Smoke Detectors; Fire Sprinklers System
- Walking DIstance to Local Establishments, Festivals, Parades, Restaurants, Bars, Grocery, Hardware; Gas Station; Farmrs Market
- Furnishings for all rooms including beds, lamps, table, TVs, air conditioners, towels, coffee makers; Landscaped; Blacktop parking Lot;
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | $787,781 CAD | Building Size | 6,066 SF |
| Price Per Room | $56,270 CAD | No. Rooms | 14 |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1950 |
| Property Type | Hospitality | Parking Ratio | 5.77/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.00 AC | ||
| Zoning | Commercial - LOT:7,8-9-1 BLK:14 DIST:003 CITY:BRILEY TOWNSHIP SEC/TWN/RNG/MER:SEC 12 TWN 30N RNG 02E T30N R2E SEC 12 E 1/2 OF LOT 7 & LOTS 8-9-10-11 BLK 14 ATLANTA | ||
| Price | $787,781 CAD |
| Price Per Room | $56,270 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 6,066 SF |
| No. Rooms | 14 |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 5.77/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | Commercial - LOT:7,8-9-1 BLK:14 DIST:003 CITY:BRILEY TOWNSHIP SEC/TWN/RNG/MER:SEC 12 TWN 30N RNG 02E T30N R2E SEC 12 E 1/2 OF LOT 7 & LOTS 8-9-10-11 BLK 14 ATLANTA |
AMENITIES
- High Speed Internet Access
- Fully-Equipped Kitchen
- Multi-Room Suites
ABOUT 12520 STATE ST , ATLANTA, MI 49709
ATLANTA MOTEL COMPLEX!! Established motel complex in Atlanta MI with income growth opportunity. Eight of the units have kitchens and could be used as monthly rentals. This is an Investment opportunity and a community need for affordable housing. There are 14 rental units, including 7 with full kitchens and the others with mini-fridges and microwaves. Newer roof and siding. Laundry room on the premises. Come for a visit and see all this property and community in Atlanta in North East MI have to offer. Walk to local eateries, the grocery store, and festivals. park, and all of downtown Atlanta. The Atlanta Motel is halfway between Gaylord and Alpena with big box shopping, airports, a marina, and beaches. Atlanta is a thriving community on the shores of the Thunder Bay River. Beautiful Briley Park offers a fishing dock, kayak & boat launches, music festivals and events, and the annual Elk Fest. The current owners have built a successful business with many repeat customers. Check out their website and tons of 5-star reviews! UPDATES: Roof Bldg.. 110-114 2019 Roof Office Bldg. 2015 Roof Garage 2016 Seamless Gutters 2019 Front fascia 2019/2020 Windows 2017
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 14 | $98.30 CAD | - |
PROPERTY TAXES
| Parcel Number | 003-414-000-008-00 | Improvements Assessment | $34,336 CAD |
| Land Assessment | $51,365 CAD | Total Assessment | $85,701 CAD |
PROPERTY TAXES
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Atlanta Motel | 12520 State St
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