Best Western Plus Madison

For Sale

167 SE Bandit St, Madison, FL 32340

Immerse yourself in the historic charm of Madison, FL, a town rich in Southern hospitality and surrounded by natural beauty. Located in close proximity to the renowned Best Western Plus Madison, this area offers a warm welcome to visitors and promising opportunities for limited service hospitality investors. Guests can explore local attractions such as the picturesque Madison Blue Spring State Park, the treasured Four Freedoms Trail, and the annual North Florida Community College Jazz Festival. Embrace the potential for growth in this inviting location, where the allure of small-town living and authentic experiences beckons to travelers seeking a peaceful retreat.Grizzard Commercial Real Estate is pleased to present the 58-unit Best Western Plus Madison located at 167 SE Brandt Street, Madison, Florida 32340. The property is being offered for sale at the fee simple sale price of $6,200,000. The property will be delivered unencumbered by management and debt.

Key features

  • 60% OCC / $130 ADR / $1.65M Revenue
  • Guidance Hotel Group is pleased to present the Best Western Plus Madison for sale at $6,200,000.
  • Recent capital improvements include new soft goods, bedding, and flooring in 2022, along with a new roof, porte-cochre, exterior paint, pool resurfacing, and barbecue area completed between 2024 and 2025.
  • Strategically positioned off I-10 Exit 258, the hotel serves as a convenient lodging destination between Tallahassee, Lake City, Live Oak, and Valdosta, Georgia.
  • The Best Western Plus Madison is a three-story, 58-room interior corridor hotel situated on a 3.39-acre site with ample parking and strong interstate visibility.
  • The property benefits from consistent transient demand generated by travelers along the heavily trafficked I-10 corridor in North Florida.

Building Details

  • For Sale $6,200,000
  • Property Type Other
  • Property Size 31,813 SF
  • Units 58
  • Lot Size 3.39 Acre
  • Additional Rent Price on request
  • Building Class A
  • Year Built 1996
  • Date Updated Oct 6, 2026
Want more info on this listing?

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

Contacts

Kent Hricko

Grizzard Commercial

Location

  • City Madison, FL
  • Neighborhood Madison
  • Zip Code 32340
  • Walk score 17/100 Car-Dependent
  • Bike score 28/100 Somewhat Bikeable
Powered by Walk Score ®

Points of Interest

Sunoco

0.10 miles

Exxon

0.12 miles

Love's

3.82 miles

Shell

5.87 miles

Mobil

6.23 miles

Waffle House

0.05 miles

Wendy's

0.10 miles

Dairy Queen

0.10 miles

McDonald's

0.11 miles

Subway

0.11 miles

Smackin Lips Diner

0.30 miles

Arby's

3.84 miles

Arbies

6.23 miles

Madison County Sheriff's Department

5.71 miles

Madison County Police Department

6.21 miles

Madison County Memorial Hospital

6.24 miles

Listing Summary

  • Property Financials

    167 SE Bandit St is currently listed for sale at $6,200,000 for a price per square foot of $194.89.

  • Property Details

    167 SE Bandit St totals 31,813 square feet of Mixed Use space on a lot spanning 3.39 acres. The property was initially built in 1996.

    Based on its location, amenities, and finishes, the property is listed as class A.

  • Area Characteristics

    167 SE Bandit St is located in the Madison neighborhood.

    In terms of ease of commuting, the area has a walk score of 17, indicating that it is car-dependent.

Contact Kent Hricko
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.