High-Yield Hospitality Asset & Residential Property For Sale: 821 W Highland Avenue, Albany, GA 31701
Offering outstanding double-digit cap rate returns, newly upgraded facilities, and real estate equity upside, 821 W Highland Avenue, Albany, GA 31701 represents a high-performing hospitality investment in Dougherty County. Offered at $1,200,000 ($38,710 per room), this 31-room exterior corridor hotel (8,851 SF) sits on 0.67 acres and includes both the operating motel business and an adjacent residential house parcel.
The Royal Inn was newly renovated and recently reopened, generating projected annual gross receipts exceeding $250,000. Operating at a steady ~70% occupancy rate under competitive rental structures ($45 daily, $225 weekly, $800 monthly), the asset produces over $166,000 in net annual profit (before mortgage) after factoring in $24,000 in manager wages, $23,000 in utilities, $18,000 in property insurance, and all operational expenses.
Financial Overview & Key Property Specifications
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Asking Price: $1,200,000 (Fee-Simple Commercial Real Estate + Hotel Business Value)
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Price Per Room: $38,710 / Room
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Cap Rate: 13.83% Cap Rate
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Net Annual Profit (Pre-Mortgage): $166,000+ / Year (Net of $24K manager payroll, $23K utilities, $18K insurance)
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Projected Gross Revenue: $250,000+ / Year
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Building Size & Subtype: 8,851 SF Exterior Corridor Motel (Class C / 2-Story / Built 1950)
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Total Room Count: 31 Rooms
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Land Parcel Size: 0.67 Acres (C3 Commercial Zoning)
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Federal Opportunity Zone: Yes (Qualifies for Federal Tax Deferrals & Investment Advantages)
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Occupancy Rate: ~70% Average Occupancy
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Rate Structure: $45 Daily | $225 Weekly | $800 Monthly ($57 Avg Daily Guest Room Rate)
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Adjoining Residential Asset: 1,000 SF 1-Bed / 1-Bath House w/ Basement (Needs full rehab / ~$650/mo potential rent)
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Broker Representation: River Brokers — Direct Contact: (770) 664-9999 | info@riverbrokers.com
Property Layout & Operational Expansion Upside
Engineered for passive cash flow and multi-track revenue growth:
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Rentable Room Expansion: The property currently rents 24 units. The main building features an on-site office, kitchen, and manager’s suite downstairs. Upstairs, 4 rooms are currently occupied by management family housing. Converting these quarters back into inventory creates up to 30 active rentable rooms to boost annual yield.
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Value-Add Residential Rehabilitation: The included 1,000 SF home behind the motel requires a full renovation. Once updated, an investor can rent it out for roughly $650/month in passive residential income or utilize it as dedicated housing for on-site staff.
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Extended-Stay Demand: Strong local demand for weekly ($225) and monthly ($800) rentals ensures high, predictable occupancy year-round with low turnover costs.
Strategic Albany / Southwest Georgia Trade Corridor
Positioned in the commercial and regional medical hub of Southwest Georgia:
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Central Albany Commercial Corridor: Prominently located on West Highland Avenue, ensuring easy vehicular access and clear visibility for traveling guests, regional contractors, and local workforce tenants.
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Proximity to Regional Anchors: Positioned near major regional economic engines in Albany, including Phoebe Putney Memorial Hospital, Marine Corps Logistics Base AlbanySEO Title Options
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High-Cap Rate Hospitality Investment | Royal Inn Hotel