1021 S Garnett Rd - Hospitality FOR SALE


Tulsa, OK 74128
$1,450,000 USD
314-610-2998
1021 S Garnett Rd, Tulsa, OK for Sale
$1,450,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

1021 S Garnett Rd
Tulsa, OK 74128


HIGHLIGHTS

  • Building exterior recently painted with a newly installed parking lot.
  • Established 40-room hospitality property on a 2.78-acre site in east Tulsa.
  • Convenient access to Interstate 244 and U.S. Route 64 for regional connectivity.
  • Includes 44 on-site parking spaces with exterior corridor design for guest convenience.
  • Located near retail and service amenities that support guest demand.

OVERVIEW

This offering presents an established hospitality property positioned on a sizable 2.78-acre site in Tulsa, Oklahoma. Operating as Nights Stay Hotel, the two-story building encompasses 40 guest rooms and includes exterior corridor entrances for convenient vehicle-to-room access. The building exterior has recently been painted, and a new parking lot enhances the visual appeal and functionality for guests. Located along South Garnett Road, the property benefits from close proximity to major thoroughfares, including quick links to Interstate 244 and U.S. Route 64, ensuring easy regional connectivity for transient guests and long-term travelers. The site also offers convenient access to local retail, dining, and service options, adding consumer conveniences that drive consistent room demand. The parcel includes surface parking for approximately 44 vehicles with a ratio of 3.66 per 1,000 SF, enhancing operational efficiency for hotel guests. Zoned CS (Commercial Shopping), the property’s underlying zoning supports a range of commercial uses, creating potential for redevelopment or repositioning. Offered as an investment sale with business value included, this opportunity combines immediate operational income with longer-term upside in a growing Tulsa market.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$121 USD /SF

# OF ROOMS

40

PRICE/ROOM

$36,250 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Nights Stay Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1982

PARKING SPACES

44

LAND DETAILS

LAND ACRES

2.78 AC

LAND SF

121,097 SF

ZONING

CS

APN/PARCEL ID

50138-94-05-36010,50138-94-05-36020

ASK ABOUT THIS PROPERTY

Ravi PatelNights Stay HotelMore Info
314-610-2998

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Ravi PatelNights Stay HotelMore Info
314-610-2998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.