Tallahassee, FL

Information

The Governors Inn is a half a block from the Capitol. This offering includes the entire building at 109 College Ave, which consist of nine hotel rooms, a banquet room and a restaurant called the Downtown Ramen Bar. The sale also includes 17 condominiums, the controling interest, in the Governors Inn condominium which contains the rest of the 41 units in the hotel. Therefore, Seventeen of the 32 condominiums are included for a total of 26 rooms representing eight room types. Units can be sold individually. So you can buy just one unit. Several models to choose from. The restaurant operations can be purchased separately. The properties are zoned for high intensity development so there is significant value in the land. The 17 units constitute a majority of the 32 unit condominium. The hotel is surrounded by several restaurants and is walking distance to the civic center and FSU. The hotel and restaurant now includes a liquor license

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Governors Inn

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Detail

Price:

$$3,200,000

Garage Size:
Property Size:

10.00% Cap Rate Sq Ft

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