Sonesta Essential Augusta | 3037 Washington Rd
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Sonesta Essential Augusta 3037 Washington Rd
57 Room Hotel Augusta, GA 30907 $3,800,000 ($66,667/Room) 12.24% Cap Rate
Investment Highlights
- Busy Corridor, Near lots of Restaurants, Bars, Shopping.
- Just minutes away from Fort Gordon, Medical Hospitals, Airport, Augusta Downtown, River Walk, Plant Vogle
- Interior corridor, Newly Renovated
Executive Summary
Prime investment property. Located in Augusta, GA on busy Washington Rd Exit off a I-20. This 58 Room Hotel newly renovated converted to Sonesta Brand. Will be great addition to any portfolio or will be suitable for Owner Operator. This Hotel has great potential with right operation.
Property Facts
| Price | $3,800,000 | Building Size | 28,467 SF |
| Price Per Room | $66,667 | No. Rooms | 57 |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 12.24% | Year Built/Renovated | 1999/2020 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.11/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.96 AC |
| Price | $3,800,000 |
| Price Per Room | $66,667 |
| Sale Type | Investment |
| Cap Rate | 12.24% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.96 AC |
| Building Size | 28,467 SF |
| No. Rooms | 57 |
| No. Stories | 3 |
| Year Built/Renovated | 1999/2020 |
| Tenancy | Single |
| Parking Ratio | 2.11/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $83.00 | - |
| Guest Room | 53 | $69.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $607,962 | |
| Land Assessment | $161,660 | Total Assessment | $769,622 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$161,660
Improvements Assessment
$607,962
Total Assessment
$769,622
zoning
| Zoning Code | B-2 (hotel) |
| B-2 (hotel) |
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Vishal Patel - Vishal Development Inc
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Sonesta Essential Augusta | 3037 Washington Rd
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