1915 Highway 59 S - Hospitality FOR SALE


Thief River Falls, MN 56701
$1,500,000 USD
520-664-4091
1915 Highway 59 S, Thief River Falls, MN for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/31
null | Request Cap Rate

1915 Highway 59 S
Thief River Falls, MN 56701


HIGHLIGHTS

  • 44 units, single-story, interior corridor
  • Priced under $35,000/key
  • 2024 room revenue: $846,019.13
  • 2023 room revenue: $1,135,433.64
  • Heavily discounted franchise fees - can be transferred to new owner with minimal to no PIP
  • Absentee managed

OVERVIEW

Situated in the charming town of Thief Rivers Falls, MN, the Americas Best Value Inn & Suites is a well-established economy hotel operating under the Sonesta International Hotels Corp franchise since June 1974. The Americas Best Value Inn & Suites - Thief River Falls, MN offers 44 rooms on a 3.30-acre lot with a total building area of 21,175 square feet. The hotel, renovated in 2005, features high-speed internet, a business center, a pool, and 350 square feet of meeting space. With ample parking across 86 surface spaces and commercial zoning, this property captures the essence of convenience and accessibility.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$71 USD /SF

# OF ROOMS

44

PRICE/ROOM

$34,091 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Americas Best Value Inn & Suites Thief River

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

86

LAND DETAILS

LAND ACRES

3.3 AC

LAND SF

143,648 SF

ZONING

Commercial

APN/PARCEL ID

R-25.04400110

ASK ABOUT THIS PROPERTY

Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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