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Hotel-Motel

Best Airport Inn

1077 Airport Rd, Jacksonville, FL 32218

Listing Price: $3,200,000

Investment Overview

Marcus & Millichap is pleased to present the Best Airport Inn. This 116-room exterior corridor economy hotel was built in 1987 with 6 wood-frame
buildings. The property is a value-add opportunity with tremendous upside being just 7 minutes (2.5 miles) from Jacksonville International Airport. Out
of the 116 rooms, there are 64 rentable rooms, with renovations needing to be done on 52 rooms. Currently, the Best Airport Inn is leased at $25,000
per month on a month-to-month basis. The current tenant is responsible for liability insurance and utilities.

The parcel for the Best Airport Inn is zoned to Commercial Community/General 1 (CCG-1) in Jacksonville, Florida The zoning allows for hospitality,
assisted living, limited multifamily, and retail. To have multifamily, an exception would have to be approved by the city, and 20% of the buildings would
have to be used for commercial purposes, with the other 80% used as multifamily There is no maximum number of units for the property, however the
building cannot exceed 60 feet.

The Jacksonville Plaza Hotel Suites benefits from its proximity (about 2.5 miles) to Jacksonville International Airport (JAX), the main airport servicing
the Jacksonville, Florida area. JAX is one of Florida's busiest airports, handling roughly 200 arrivals and departures daily and overseeing nearly six
million passengers annually. Several major airlines and a network of regional carriers utilize JAX. Demand generators in the area include, but are not
limited to Jacksonville Zoo and Gardens, Amazon Center, Bacardi Bottling Corporation and Budweiser Brewery Experience.

Investment Highlights

  • Property is Leased at $25,000 per Month on a Month-to-Month Basis
  • Value-Add Opportunity $27,586 per door
  • Within 2.5 miles of Jacksonville International Airport

Exclusively Listed By

Investment Highlights

  • Property is Leased at $25,000 per Month on a Month-to-Month Basis
  • Value-Add Opportunity $27,586 per door
  • Within 2.5 miles of Jacksonville International Airport

Investment Overview

Marcus & Millichap is pleased to present the Best Airport Inn. This 116-room exterior corridor economy hotel was built in 1987 with 6 wood-frame
buildings. The property is a value-add opportunity with tremendous upside being just 7 minutes (2.5 miles) from Jacksonville International Airport. Out
of the 116 rooms, there are 64 rentable rooms, with renovations needing to be done on 52 rooms. Currently, the Best Airport Inn is leased at $25,000
per month on a month-to-month basis. The current tenant is responsible for liability insurance and utilities.

The parcel for the Best Airport Inn is zoned to Commercial Community/General 1 (CCG-1) in Jacksonville, Florida The zoning allows for hospitality,
assisted living, limited multifamily, and retail. To have multifamily, an exception would have to be approved by the city, and 20% of the buildings would
have to be used for commercial purposes, with the other 80% used as multifamily There is no maximum number of units for the property, however the
building cannot exceed 60 feet.

The Jacksonville Plaza Hotel Suites benefits from its proximity (about 2.5 miles) to Jacksonville International Airport (JAX), the main airport servicing
the Jacksonville, Florida area. JAX is one of Florida's busiest airports, handling roughly 200 arrivals and departures daily and overseeing nearly six
million passengers annually. Several major airlines and a network of regional carriers utilize JAX. Demand generators in the area include, but are not
limited to Jacksonville Zoo and Gardens, Amazon Center, Bacardi Bottling Corporation and Budweiser Brewery Experience.

Exclusively Listed By

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