1535 Montgomery Hwy Vestavia Hills, AL 35216
Estimated payment $14,583/month
About This Home
Perfect location for a hotel – HIGH visibility on the corner of I-65 and Highway 31 in Hoover. This is a 34 room 2 story motel with 9 interior rooms and 25 exterior rooms. 10 rooms are double beds, 22 are king beds and 2 are full sized beds. The motel is currently operating and tend to sell out on Friday and Saturday nights. There are two restaurants on site that lease from the current motel owners. Current owners have put refrigerators and microwaves in every room, replaced all mattresses and bedding, repainted and put in new flooring as well as new fire sprinklers and smoke alarms - $100,000 into capital improvements. Current owners do have an agreement with Econo Lodge but this can be revoked if new owners chooses to run under a different platform. LOCATION, LOCATION, LOCATION!! This could also be the perfect location for a Medical Office Building, Business Office, or start with a clean slate and build a brand new building. The possibilities are endless.
Property Details
Property Type
- Other
Est. Annual Taxes
- $32,693
Year Built
- Built in 1965
Lot Details
- 1.71 Acre Lot
- Property is zoned C2
Interior Spaces
- 19,940 Sq Ft Home
- 2-Story Property
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $32,693 | $450,320 | -- | -- |
| 2022 | $16,210 | $223,280 | $117,560 | $105,720 |
| 2021 | $16,210 | $223,280 | $117,560 | $105,720 |
| 2020 | $16,210 | $223,280 | $117,560 | $105,720 |
| 2019 | $16,210 | $314,700 | $0 | $0 |
| 2018 | $17,671 | $243,400 | $0 | $0 |
| 2017 | $17,671 | $243,400 | $0 | $0 |
| 2016 | $17,671 | $243,400 | $0 | $0 |
| 2015 | $17,671 | $243,400 | $0 | $0 |
| 2014 | -- | $200,000 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Price Changed | $2,250,000 | -9.3% | $113 / Sq Ft |
| 12/17/2024 12/17/24 | Price Changed | $2,480,000 | -20.0% | $124 / Sq Ft |
| 11/26/2024 11/26/24 | For Sale | $3,100,000 | -- | $155 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,011,000 | -- | |
| Warranty Deed | $1,570,000 | -- | |
| Deed | $340,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,608,800 | Mortgage Modification | |
| Previous Owner | $880,000 | Mortgage Modification | |
| Previous Owner | $190,000 | Commercial |
Source: Greater Alabama MLS
MLS Number: 21403763
APN: 39-00-01-3-001-002.001
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