2000 1st St W - Hospitality FOR SALE


Independence, IA 50644
$1,150,000 USD
319-860-4860
2000 1st St W, Independence, IA for Sale
$1,150,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

2000 1st St W
Independence, IA 50644


OVERVIEW

The Super 8 by Wyndham in Independence, Iowa offers a rare hospitality investment opportunity, coming to market for the first time in 30 years. This well-maintained, 38-guestroom hotel includes an onsite two-room manager’s apartment, creating operational efficiency and reducing staffing overhead for an incoming owner. Positioned in a stable Eastern Iowa market with consistent leisure and commercial demand, the property benefits from long-term ownership, disciplined upkeep, and recent capital improvements. The hotel features brand-new mattresses and linens throughout, significantly reducing near-term CapEx and enhancing guest satisfaction. Operationally, the asset is clean and compliant, having passed its most recent Wyndham Quality Assurance audit, underscoring its adherence to brand standards and readiness for a new owner. This Super 8 represents an attractive acquisition for investors seeking a manageable, branded, limited-service hotel with upside potential.? Its established presence, strong regional demand drivers, and turnkey operational profile create a compelling opportunity to secure a long-held asset in a growing Midwest corridor.?

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$73 USD /SF

# OF ROOMS

38

PRICE/ROOM

$30,263 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 Independence

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

Commercial

APN/PARCEL ID

06.33.351.010

ASK ABOUT THIS PROPERTY

Atul PatelOpen Door HospitalityMore Info
319-860-4860

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Atul PatelOpen Door HospitalityMore Info
319-860-4860

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