Economy Hotel - Forest Park

241 Falcon Drive, Forest Park, GA 30297

  • For Sale Contact Broker for Pricing
  • Property Type Other
  • Property Size 51,894 SF
  • Units 170
  • Lot Size 2.6 Acre
  • Additional Rent Contact for pricing
  • Year Built 1968
  • Year Renovated 2017
  • Date Updated May 8, 2024
The property is located at 241 Falcon Drive in Forest Park and the Greater Atlanta MSA and Hartsfield– Jackson International Airport.Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Economy Hotel Forest Park totaling 170 rooms. The property is being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire an economy hotels with existing in-place cash flow. The property is located in the Greater Atlanta MSA and near Hartsfield– Jackson International Airport. UNENCUMBERED OF DEBT & MANAGEMENT The property is being offered fully unencumbered of existing management or debt, allowing for a new owner to come in with fresh capital and an opportunity to retool the property-level operations. DISCOUNT TO REPLACEMENT COST Over the last several years as the economy has continued to grow, both labor and materials have reached all-time peaks leading to soaring construction costs for new build projects. Conversely, this property is being offered at a substantial discount compared to the price to replicate the same assets today, offering a new investor immediate value from day one.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Two Story, Exterior Corridor
  • Located near Hartsfield Jackson International Airport
  • 170 Total Guestrooms
  • Unencumbered of management and debt
  • Can be purchased as portfolio or purchased individually
  • Fee Simple

Contacts

broker

Stuart Hope

Avison Young

(803) 760-3631

Location

Getting Around

  • Walk Score ®

    26/100 Car-Dependent

  • Transit Score ®

    34/100 Some Transit

  • Bike Score ®

    31/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Forest Park, GA
  • Neighborhood Northwest Forest Park
  • Zip Code 30297
  • Market Atlanta

Points of Interest

  • F Gates & International Terminal

    1.71 miles

  • E Gates

    2.02 miles

  • D Gates

    2.12 miles

  • C Gates

    2.29 miles

  • B Gates

    2.46 miles

  • A Gates

    2.63 miles

  • T Gates

    2.80 miles

  • Domestic Terminal

    2.88 miles

  • Airport

    3.03 miles

  • GICC/Gateway Center

    3.64 miles

  • Chevron

    0.51 miles

  • Exxon

    0.73 miles

  • QuikTrip

    0.75 miles

  • Chevron

    0.79 miles

  • RaceTrac

    0.81 miles

  • Shell

    0.92 miles

  • BP

    0.94 miles

  • Texaco

    1.06 miles

  • Sunoco

    1.43 miles

  • Citgo

    1.62 miles

  • International Terminal Park-Ride

    1.27 miles

  • C.W. Grant Pkwy Park & Ride

    1.31 miles

  • International Terminal Hourly Parking

    1.63 miles

  • Park-Ride Reserve

    2.77 miles

  • Terminal South Daily

    2.82 miles

  • Cell Phone Lot

    2.91 miles

  • Terminal South Gold Lot

    2.91 miles

  • Terminal North Hourly

    2.92 miles

  • Terminal North Gold Lot

    2.97 miles

  • Terminal North Daily

    3.01 miles

  • Atlanta Airport Hotel

    0.02 miles

  • Econo Lodge Atlanta Airport East

    0.63 miles

  • Knights Inn Forest Park

    0.71 miles

  • Comfort Suites Atlanta Airport

    0.72 miles

  • Home Lodge

    0.82 miles

  • Western Inn

    0.83 miles

  • Quality Suites Atlanta Airport East

    0.85 miles

  • InTown Suites Atlanta South

    1.19 miles

  • Kimpton

    1.93 miles

  • BEST WESTERN PLUS Atlanta Airport-East

    2.01 miles

  • Mr. Taco

    0.52 miles

  • Subway

    0.55 miles

  • Subway

    0.78 miles

  • Tijuana Joes

    0.78 miles

  • Hong Kong Express

    0.80 miles

  • Jimmy John's

    0.80 miles

  • Wendy's

    0.81 miles

  • Zesto

    0.90 miles

  • McDonald's

    0.92 miles

  • Taqueria Palafox

    0.96 miles

  • Hendrix Drive Elementary School

    1.61 miles

  • Fountain School

    1.65 miles

  • Saint Johns School

    2.12 miles

  • Ash Street Elementary School

    2.16 miles

  • Consolidated School

    2.17 miles

  • Forest Park Junior High School

    2.20 miles

  • College Street School

    2.21 miles

  • Forest Park Middle School

    2.23 miles

  • West Clayton School

    2.43 miles

  • Hapeville Elementary School

    2.49 miles

  • Adult Day Care Center

    2.57 miles

  • Arcadia Kids Club

    6.43 miles

  • Primrose School

    8.50 miles

  • Carol's Daughter Learning Center

    8.55 miles

Frequently Asked Questions

How much does Economy Hotel - Forest Park cost?

The sale price for Economy Hotel - Forest Park is available upon request. Contact the listing broker for more information.

What is the total square footage of Economy Hotel - Forest Park?

Economy Hotel - Forest Park totals 51,894 square feet.

When was this property built?

Economy Hotel - Forest Park was built in 1968.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

broker

Stuart Hope

Avison Young

(803) 760-3631