Contacts

eXp Commercial
Property Details
- Property Type Other
- Property Size 28,130 SF
- Units 67
- Lot Size 2.3 Acre
- Building Class C
- Year Built 2008
- Date Updated Jan 24, 2025
Reach out to the broker for more info on lease terms and amenities
Highlights
- High Visibility and Accessibility: Positioned right off I-10, the hotel benefits from high traffic and visibility, attracting both transient guests and tourists, 9 miles from Florida State university
- Future Development Potential: With an extra half-acre of land, there is ample opportunity for expansion or the addition of new amenities, increasing the property's value and revenue potential.
- Strong Financial Performance and ConsistentRevenue: The hotel maintains an ADR of $89.95, ensuring steady income and profitability.
- Recently full PIP completed with renovation in June 2023, including all-new furniture, means the property is in excellent condition, reducing immediate capital expenditure needs and enhancing guest satisfaction.
- Ready-to-Operate: With recent renovations, established occupancy rates, and a strong brand presence, this property is a turnkey investment requiring minimal additional investment to continue operations and generate revenue.
Getting around
-
Walk Score ®
Location
- City Midway, FL
- Zip Code 32343
- Market Tallahassee
Points of Interest
-
Pilot
0.56 miles
-
Sunoco
1.87 miles
-
Exxon
3.54 miles
-
VP Racing
3.54 miles
-
Shell
3.94 miles
-
Texaco
4.00 miles
-
Circle K
5.11 miles
-
Chevron
5.42 miles
-
Tesla Supercharger
7.24 miles
-
ChargePoint
8.41 miles
-
Stadium Green Lot
7.77 miles
-
Parking Garage #3
7.95 miles
-
Airport Employee Parking Lot
8.07 miles
-
Tully Gym East
8.18 miles
-
South Circus
8.25 miles
-
Woodward Avenue Garage
8.26 miles
-
Rental Car Lot
8.26 miles
-
West Pensacola Street Garage
8.41 miles
-
Traditions Way Garage
8.43 miles
-
Lot 341
8.46 miles
-
Comfort Inn & Suites
0.00 miles
-
Howard Johnson Inn Tallahassee/Midway
0.09 miles
-
Country Inn & Suites
0.78 miles
-
Palmer's Motel
2.00 miles
-
Sleep Inn
4.02 miles
-
WoodSpring Suites
4.29 miles
-
Cactus Motel
6.05 miles
-
Sleep Inn & Suites Tallahassee-Capitol
6.56 miles
-
Fairfield Inn Tallahassee North/I-10
6.58 miles
-
Baymont Inn and Suites Tallahassee
6.60 miles
-
Walmart Supercenter
4.48 miles
-
Publix
4.60 miles
-
Ross
4.61 miles
-
Bealls
4.62 miles
-
Fresh 4 Less
5.92 miles
-
New Seoul Oriental Market
6.01 miles
-
ALDI
7.31 miles
-
Target
7.36 miles
-
Centre of Tallahassee
8.19 miles
-
Belk
8.30 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

eXp Commercial