601 Highland Ave
- Operating Business
- Walking distance to multiple fast-food restaurants
- Potential redevelopment play
- 2.2 acres on hard corner
Property Description
Operating hotel available for sale in Selma, AL. The property is family-managed and reports all 55 rooms are rentable, with nightly rates ranging from $65–$75. The owners are preparing for retirement, creating an opportunity for a new owner to take over the existing hotel operation or redevelopment play. The property could be a good fit for a hands-on owner-operator or an investor looking to expand their hospitality portfolio. Financial information is available upon request.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $1,695,000 |
| No. of Units: | 55 |
| Year Built: | 1973 |
| Lot Size: | 2.20 Acres |
| Opportunity Zone: | No |
| Price per unit: | $30,818 |
| Property Website | Click Here |
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