1700 W Cherokee Ave - Hospitality FOR SALE


Sallisaw, OK 74955
$950,000 USD
805-557-8867
1700 W Cherokee Ave, Sallisaw, OK for Sale
$950,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

1700 W Cherokee Ave
Sallisaw, OK 74955


HIGHLIGHTS

  • 33 units, two-story, exterior corridor
  • Priced to sell at $28,787/key
  • Conversion opportunities available
  • Ideal for an owner-operator
  • Located less than 1.5 hours to Tulsa
  • Sizeable managers quarters on site

OVERVIEW

The Bowman Post Group of NewGen Advisory is proud to represent for sale the Blue Jay Inn and Suites - Sallisaw, OK. The Blue Jay Inn and Suites offers a unique opportunity for conversion to other uses with 33 units and exterior corridors. The property is being priced to sell at a competitive $28,787 per key. The Blue Jay Inn and Suites - Sallisaw, OK is strategically positioned off Interstate 40, located in the heart of Sallisaw, Oklahoma. Beyond its prime location, what sets this property apart is its recent full-scale renovation, ensuring that every guest experiences nothing short of excellence during their stay. This property also serves as an ideal retreat for visitors eager to explore the nearby casino scene. Sallisaw boasts a thriving economy, an affordable cost of living, and a welcoming community, providing an ideal blend of opportunity and quality of life.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$69 USD /SF

# OF ROOMS

33

PRICE/ROOM

$28,788 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blue Jay Inn and Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

None

APN/PARCEL ID

0000-06-011-024-0-079-00

ASK ABOUT THIS PROPERTY

Mac BleierNewGen AdvisoryMore Info
805-557-8867

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Mac BleierNewGen AdvisoryMore Info
805-557-8867

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