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Summary:

This Hotel was built in 1999, 44 unit, exterior-corridor, two story. Wood frame and brick veneer exterior with an angled roof. Outdoor pool, business center, complimentary breakfast, 24hr front desk and High speed WI access throughout the motel. The guest rooms features flat screen TV., microwaves, refrigerators, and upgraded granite vanities. Current owner installed all new AC on all the rooms and replaced old sign to new one. This property features a large two story manager’s living quarters, it has two bedrooms, an office, two full and one half bathroom.
This property had extensive renovation and upgrades. The hotel has steady history and very strong cash flow. Excellent condition!! Very close to new Super Walmart that just built.
NEED ADDRESS: SIGN – commission protection agreement

For Sale

Suggest Offer: $3,500,000
Price/Room $ 81,818
Cap Rate  12.00%
NOI $414,000
Sale Type Investment
Status Active

Building

Type: 4 Star Hotel
BrandL: Best Western
Company: Best Western International
Rooms: 44
Avg Room Size: 300 SF
GBA: 23,592 SF
Typical Floor: 13,257 SF
Year Built: 2000
Construction: Wood Frame
Taxes$1,187.89/Room (2016)
Walk Score®Car-Dependent (33)
Transit Score®Minimal Transit (0)

Land

Land Acres: 1.50 AC
Bldg FAR: 0.36
Land SF: 65,340 SF

Amenities

  • Microwave
  • Pool
  • Spa
2016 Assessment
Improvements
Land
Total Value
 $1,969,058
 $356,100
$2,325,158
 $44,751/Room
 $8,093/Room
$52,845/Room

Demographics

1 Mi 3 Mi
Population
2,379
8,745
Households
872
3,081
Average Age
38.50
36.40
Median HH Income
$49,264
$44,595
Daytime Employees
1,844
5,412
Population Growth ’17-’22
4.8%
5.3%
Household Growth ’17-’22
5.2%
5.7%
Name SF Occupied
Best Western
50,000 SF

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