Commercial Land for Sale in Montgomery, Alabama

This former Candlelight Inn & Suites presents a compelling opportunity for investors seeking a value-add hospitality asset in Montgomery, Alabama. This four-story, 109-room hotel encompasses approximately 60,400 square feet on a 4.51-acre parcel. Offered unencumbered by management or franchise agreements, the property allows new ownership full operational control and the flexibility to implement strategic repositioning initiatives. Key Highlights: Unencumbered Asset: The property is free of existing management and franchise obligations, providing new owners with the autonomy to rebrand or reposition the hotel to align with market demands. Below Replacement Cost: Given the current escalation in construction and labor costs, acquiring this asset at its current pricing offers a significant discount compared to new development, enhancing potential return on investment. Strategic Location: Situated along W South Blvd, the hotel boasts 250 feet of road frontage with high visibility and traffic count exceeding 20,000 vehicles per day. Its proximity to major demand generators-including Maxwell Air Force Base, Hyundai Motor Manufacturing, downtown Montgomery, and several colleges and hospitals-positions it to attract a diverse clientele. Value-Add Potential: Opportunities exist to enhance the property's performance through targeted capital improvements, operational efficiencies, or rebranding efforts, capitalizing on its existing infrastructure and location advantages. Rooms: 109 Building Size: Approximately 60,399 SF Lot Size: 4.51 Acres Year Built: 1971 Stories: 4 Zoning: M-1 Parking: Approximately 154 surface spaces Montgomery's diversified economy, anchored by government, education, healthcare, and manufacturing sectors, provides a stable foundation for hospitality ventures. The city's ongoing development initiatives and infrastructure investments further enhance its appeal as a destination for both business and leisure travelers.