1757 N US Highway 71 - Hospitality FOR SALE


Carroll, IA 51401
$700,000 USD
319-504-0998
1757 N US Highway 71, Carroll, IA for Sale
$700,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

1757 N US Highway 71
Carroll, IA 51401


HIGHLIGHTS

  • - Asking price is significantly less than the assessed value
  • - .4+- acres of excess vacant land directly west of the hotel, that is used for overflow parking
  • - Great opportunity to improve operating processes and cash flow with a Wyndham Brand
  • - Strategic location with access directly to Hwy 71

OVERVIEW

This property presents a prime investment opportunity for an owner or investor looking to enhance operations and maximize returns. Featuring an expansive 11,832 SF building with 30 units, the asset offers substantial income potential. Constructed in 1978, the property benefits from commercial zoning, providing flexibility for a variety of uses or future redevelopment. Its strategic location along N US Hwy 71 ensures excellent visibility, accessibility, and strong positioning within the Carroll, Iowa market.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$57 USD /SF

# OF ROOMS

30

PRICE/ROOM

$23,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 Carroll

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1978

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,871 SF

ZONING

C

APN/PARCEL ID

06-23-226-005

ASK ABOUT THIS PROPERTY

Cole HornbuckleSVN | CREATEMore Info
319-504-0998

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Cole HornbuckleSVN | CREATEMore Info
319-504-0998

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