Overview
Kabani Hotel Group, as the exclusive representative of the seller, is pleased to present the 20-room motel located at 14925 NE U.S. Highway 301 in Waldo, Florida. Situated on a 1.94-acre parcel at the intersection of U.S. Highway 301 (16,300 AADT) and State Road 24 (25,500 AADT), the property offers strong visibility along two major regional corridors and convenient access to Gainesville, located 15 miles south and anchored by the University of Florida and UF Health. The property benefits from diverse demand drivers, including highway travelers, trucking activity, university visitation, and regional motorsports events such as those held at Gainesville Raceway.
The asset offers an ideal owner-operator scale with 20 guestrooms and a four-bedroom manager’s apartment. The 1.94-acre site provides ample parking, including truck parking, and features an existing restaurant space available for lease, offering additional income potential. The property’s highway location, large site, and proximity to major demand generators position it as an attractive investment opportunity within the Gainesville market.
Investment Highlights
PROPERTY HIGHLIGHTS
- Highway Location | Direct frontage along U.S. Highway 301 and immediate access to State Road 24, and located just a short 15-minute drive from Gainesville, the region’s primary economic and employment center.
- Recent Renovations | The property has undergone recent renovations including new door locks, updated flooring, new guestroom furniture, upgraded security camera system, and improved Wi-Fi.
- Ideal Owner-Operator Scale | The property features 20 guestrooms, offering a manageable size for hands-on ownership, and includes a four-bedroom manager’s apartment.
- Lean Operating Model | The property’s efficient size and limited-service nature support streamlined operations with low overhead, including current insurance costs of approximately $8,500 annually.
- Proximity to Major Demand Generators | Located near the University of Florida, which enrolls over 60,000 students, and Gainesville Raceway, which hosts major national racing events.
- Additional Revenue Opportunity | The property includes an existing 1500 sqft restaurant space that can be leased to a third-party operator, providing potential for supplemental rental income.
- Large 1.94-Acre Site | Situated on an expansive 1.94-acre parcel, the property offers ample parking capacity, including space suitable for truck parking.
LOCATION HIGHLIGHTS
- Adjacent – State Road 24 (25,500 AADT)
- Adjacent – U.S. Highway 301 (16,300 AADT)
- 1.7 Miles – Waldo RV & Motorsports Park
- 11.0 Miles – Gainesville Raceway
- 11.1 Miles – Gainesville Regional Airport
- 11.8 Miles – Florida Intl. Rally & Motorsport Park
- 15.0 Miles – University of Florida
- 16.0 Miles – Ben Hill Griffin Stadium
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