3007 W 18th Ave - Hospitality FOR SALE


Emporia, KS 66801
$8,500,000 USD
973-244-5997
3007 W 18th Ave, Emporia, KS for Sale
$8,500,000 USD
Hospitality - FOR SALE
1/20
null | 8.96% Cap Rate

3007 W 18th Ave
Emporia, KS 66801


HIGHLIGHTS

  • Upside because of absentee ownership
  • Per Room revenue $ 37,615
  • High CAP Rate at close to 9%

OVERVIEW

Upper Scale Franchise Holiday Inn Express built in 2013 for 68 rooms performing well with the ADR of $ 130 and Occupancy of 78.1% with the Gross revenues of $ 2,557,854 and the Net Operating Income of $ 761,600 built in 2013. A good add on opportunity in the portfolio.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$208 USD /SF

# OF ROOMS

68

PRICE/ROOM

$125,000 {currency}

CAP RATE

8.96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Emporia Northwes

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2013

PARKING SPACES

91

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

C-3

APN/PARCEL ID

18-1.0-11-000-000-004.080

ASK ABOUT THIS PROPERTY

Sanjay GuptaWith Times Commercial RealtyMore Info
973-244-5997

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Sanjay GuptaWith Times Commercial RealtyMore Info
973-244-5997

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