1101 N Green River Rd - Hospitality FOR SALE


Evansville, IN 47715- East Evansville
$7,050,000 USD
216-906-2944
1101 N Green River Rd, Evansville, IN for Sale
$7,050,000 USD
Hospitality - FOR SALE
1/10
null | 11.2% Cap Rate

1101 N Green River Rd
Evansville, IN 47715
East Evansville


OVERVIEW

We are proud to present the 123-Room Howard Johnson Evansville East. The hotel is located five miles east of downtown Evansville near the major intersections of I-69, SR-66, and SR-62. The Howard Johnson benefits from being situated in the heart of the Tri-State Area with its strong and diverse manufacturing, healthcare, logistic, and financial demand generators. The hotel is currently being remotely operated by an absentee owner with the help of local staff. The hotel has been recently renovated and there is minimal to no PIP expected upon transfer. This presents an excellent opportunity for an investor to walk into an in place attractive cash flow with minimal PIP and to increase revenues and bottom line returns with hands on operations.

FOR SALE DETAILS

PRICE

$7,050,000 USD

PRICE/SF

$120 USD /SF

# OF ROOMS

123

PRICE/ROOM

$57,317 {currency}

CAP RATE

11.2%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Howard Johnson by Wyndham Evansville East

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

128

LAND DETAILS

LAND ACRES

3.12 AC

LAND SF

135,907 SF

ZONING

None

APN/PARCEL ID

82-06-24-017-159.032-027

ASK ABOUT THIS PROPERTY

Andrew BankhurstCharles Hart Hospitality GroupMore Info
216-906-2944

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Andrew BankhurstCharles Hart Hospitality GroupMore Info
216-906-2944

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