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2300 Lincoln Way, Clinton, IA

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2300 Lincoln Way

Clinton, IA 52732-7210

Property Type:Hospitality Number of Rooms:107 Status:Existing Year Built:1985
Stories:2 Building Size:83,527 SF Land Area:4.65 AC (202,554 SF)
For Sale Price:$1,750,000 Price/Room:$16,355 Cap Rate:-

Parking:4.07 Parking Spaces / 1,000 SF

Sale Notes:
The opportunity is a 107-room, limited-service hotel located at 2300 Lincoln Way in Clinton, Iowa. Renovated in 2012, the Property is situated on an approximately 6 acre site and is currently vacant. The Property was originally constructed and operated as a Best Western Hotel until it was acquired by Ashford University in 2011-2012, when its use was converted into a student dormitory. The Property has been vacant since 2014 and is reportedly in good condition. The Property also includes the owner's home, which is attached to the hotel. The Property will require only new hotel FF&E for each of the rooms and an establishment of a new hotel business enterprise, as the interior configuration of the rooms and the common areas were not substantially altered or repurposed to require significant capital expenditures.

Howes & Jefferies Realtors
Stephen Howes
(563) 242-3265

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