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970 Elbert St
Elberton, GA 30635
Super 8 by Wyndham Elberton · Hospitality Property For Sale · 17,272 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1995/2018 |
| Building Class | C | Parking Ratio | 2.14/1,000 SF |
| Lot Size | 1.48 AC | Corridor | Interior |
| Building Size | 17,272 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.48 AC |
| Building Size | 17,272 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1995/2018 |
| Parking Ratio | 2.14/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
ABOUT 970 ELBERT ST , ELBERTON, GA 30635
Magnuson Hotel in Elberton, GA located 2 miles from quaint downtown Elberton and 110 miles east of Atlanta. Priced below replacement cost at $1,300,000, $28,800 per room. Independently owned hotel great for owner occupied with the leverage of a brand name. Revenue increasing since owner started managing the property full time in early 2019. 2 story, exterior corridor, previously Holiday Inn Express, Econolodge and in 2013 Magnuson Hotel. Large manager apartment with full kitchen. Upgrades done in 2018. Adjacent lot being leased for additional guest RV and truck parking. Seasonal exterior pool. 45 rooms including manager apartment. 2 rooms currently being used for storage. Through additional marketing the hotel could potentially see a large increase in revenue. Elbert’s County also known as the “Granite Capital of the World” is home to industry giants such as Pilgrim’s Pride, Hailo, Moller Tech and Bubba Foods. A 4 lane expansion of Hwy 72 is in process to accommodate the growth in the area.
PROPERTY TAXES
| Parcel Number | 042E-068 | Improvements Assessment | $454,220 |
| Land Assessment | $46,180 | Total Assessment | $500,400 |
PROPERTY TAXES
ZONING
| Zoning Code | C-4 (Commercial) |
| C-4 (Commercial) |
