1315 A Ave E - Hospitality FOR SALE


Oskaloosa, IA 52577
$1,800,000 USD
641-670-4675
1315 A Ave E, Oskaloosa, IA for Sale
$1,800,000 USD
Hospitality - FOR SALE
1/4
null | 18.06% Cap Rate

1315 A Ave E
Oskaloosa, IA 52577


HIGHLIGHTS

  • Econo Lodge Oskaloosa presents a 40-key, exterior-corridor hotel with recent CapEx investments, ready to accommodate long-term travelers.
  • Located on a major thoroughfare near a wide array of attractions, including Lake Keomah, Edmundson Park, and the Southern Iowa Speedway.
  • Turnkey investment opportunity to join the Choice hotel franchise and operate a well-maintained economy hotel with stable cash flow.
  • Hotel amenities include free high-speed internet, a 24-hour receptionist, complimentary on-site parking, copy and print services, and more.
  • Downtown Oskaloosa has its own shopping center in the Penn Central Mall, featuring 16 different retailers, restaurants, and beauty salons.
  • Oskaloosa is nestled in southeast Iowa and is known for its rich musical heritage, carried on by the C.L. Barnhouse music publishing company.

OVERVIEW

Econo Lodge Oskaloosa welcomes an investor to a turnkey, fully remodeled Choice Franchise opportunity, ideal for experienced hospitality investors and/or those seeking a semi-absentee ownership model. The hotel has been successfully transitioned to a virtual/remote management model, minimizing owner involvement. Econo Lodge Oskaloosa has been well maintained over the years, aligning with Choice’s PIP and offering modern upgrades throughout. Recently renovated, income-producing asset with streamlined operations. The hotel has consistently delivered strong performance, with near-full occupancy over the past two years, demonstrating stable cash flow, high demand, and an excellent investment opportunity. 1315 A Avenue East is surrounded by numerous state parks and recreational areas, catering to Oskaloosa's tourism demand. Lake Keomah, Edmundson Park, Oskaloosa City Hall, and the Nelson Pioneer Farm & Museum/Mahaska County Historical Society are just a few of the immediately surrounding patron generators. This high-performing hospitality asset generates approximately $500,000 in annual revenue with consistently strong occupancy. Offered at an attractive cap rate, Econo Lodge Oskaloosa presents a compelling opportunity for investors seeking a high-yield, income-producing asset. Additional upside exists through rate optimization and continued operational efficiencies.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$151 USD /SF

# OF ROOMS

40

PRICE/ROOM

$45,000 {currency}

CAP RATE

18.06%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Oskaloosa

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,117 SF

ZONING

CC

APN/PARCEL ID

11-18-402-030,11-18-402-036

ASK ABOUT THIS PROPERTY

Kanya WaggonerEconolodgeMore Info
641-670-4675

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Kanya WaggonerEconolodgeMore Info
641-670-4675

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