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Off Market
1/12

2229 E 59th St
Anderson, IN 46013


HIGHLIGHTS

  • 98-Room, Interior Corridor, Upper Midscale Hotel Built in 1999
  • Located Within the Indianapolis MSA; 35 Miles Northeast of Indianapolis
  • Recently Renovated to the Move to Modern & Truly Yours Brand Standards with Choice Hotels, Including new Signage
  • Operational Upside for Prospective Hands-On Owner-Operator Investor
  • Strong Cash Flows with 30 Percent Net-Operating Income

OVERVIEW

Property Overview: The Comfort Inn Anderson is a 98-room, three-story, interior corridor hotel built in 1999. Well-equipped with numerous common area and guest room amenities, this limited-service upper midscale hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, and flat-screen television with premium channels. Additionally, some splendid common area amenities the hotel has to offer consist of an indoor pool, spa tub, fitness center, business center, and meeting room. Location Overview: Anderson, Indiana is a city located in Madison County in the northeastern region of the state, 40 miles northeast of Indianapolis. The Comfort Inn Anderson is superbly positioned on 59th Street, near the Highway 9 and Interstate 69 interchange. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include health care, manufacturing, and retail trade. STAR Financial Bank and St. Vincent Anderson Regional Hospital, two of the city’s largest employers located approximately four miles from the hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Carter Logistics (5.8 miles) and Anderson Community School Corporation (7.6 miles). Revenue generators in the area, like Southtown Centre (1.3 miles) and Harrah's Hoosier Park (1.8 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Mounds State Park (4.8 miles) and Anderson Municipal Airport (6.3 miles). Broker of Record Josh Caruana License: IN RB14034355

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

-

BUILDING DETAILS

PROPERTY NAME

Comfort Inn Anderson

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

45405

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1999

PARKING SPACES

110

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial

APN/PARCEL ID

48-12-32-600-003.000-003