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Property Detail

1313 3rd Ave N, Birmingham, AL 35203, USA
good for redevelopment or to remodel and used as franchised property
$6,000,000

Description

INVESTMENT HIGHLIGHTS

  • Downtown property with 1.5 acre land on major street good for redevelopement or to remodel and used as franchised property 150 room

EXECUTIVE SUMMARY

opportunity zone/ built in 1958 as Holiday inn building solid block building operating as Motel we operate for last 32 years only operating at half capaacity now has total 147 rooms has space for restuarant /bar/lounge not operating .Downtown 1.5 acre land / Best location in town inspection welcome on site . Owner Manager operation type good for redevelopement or 1031 exchange call for more info.Everything in working condition but operating at about 90 room capacity /only property in downtown with open parking lot not garage type has enough land as of current march 1' 2024 we have some issue on envirnment but as per our information from our envirnment attorney its can be workout if party want to keep property and used as same building with renovation then problem can be solved if both party agree to workout issue so contact us for more information . We are working on deal but still available at this point as of march 2024 .. As of March 2024 we have open our offer to sale this place with VCP (Volunteer Cleanup Programmed) so if you wanted to keep building and convert to higher grade luxury or convert to apartment this is best location and best offer you can do . We ready to deal now
 

AMENITIES

  • Restaurant
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Guest Room150$95.00-

Andrew Patel

+1 205-541-8849

Specification

General

  • 62004
  • 1.4500
  • Investment
  • M1 (Light Industrial Zone)
  • 1959
  • 2007
  • 150

Hospitality

Kings Inn Civic Center/UAB Birmingham

Listing ID : 00424

SKU: 424

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