1312 Cedar Bridge Rd - Hospitality FOR SALE


Winterset, IA 50273
$1,100,000 USD
405-810-1414
1312 Cedar Bridge Rd, Winterset, IA for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

1312 Cedar Bridge Rd
Winterset, IA 50273


HIGHLIGHTS

  • Significant Upside for New Owner
  • Just Off Highway 92
  • Manager's Quarters with Full Kitchen
  • Renovated in 2025

OVERVIEW

Renovated in 2025, the Covered Bridge Inn is a 31 room, two-story, interior corridor, limited service hotel. The hotel was built in 1991 and offers a complimentary breakfast, coffee/tea in common area, vending machines, a terrace/picnic area with outdoor grill, free Wi-Fi & a lobby area. Each guest room has the standard amenities including a mini-fridge, microwave, A/C units, desk, hair dryer, iron/board, coffee maker & flat screen TVs with cable channels. The hotel includes a manager's quarters with a full kitchen. Winterset, Iowa, in Madison County, is the Covered Bridge Capital of Iowa. Conveniently located just off Highway 92, west of I-35, the hotel is easily accessible from any direction. Winterset, is just 30 minutes from Des Moines, the state capitol of Iowa and Des Moines International Airport.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$41 USD /SF

# OF ROOMS

31

PRICE/ROOM

$35,484 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Covered Bridge Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1991

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

C

APN/PARCEL ID

821-00-60-00070000

ASK ABOUT THIS PROPERTY

Bruce HolmesHotelBrokerOneMore Info
405-810-1414

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Bruce HolmesHotelBrokerOneMore Info
405-810-1414

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