303 23rd St - Hospitality FOR SALE


Columbus, NE 68601
$5,200,000 USD
952-932-9987
303 23rd St, Columbus, NE for Sale
$5,200,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

303 23rd St
Columbus, NE 68601


HIGHLIGHTS

  • Still owned by the original developer, this is the first time the property has been offered for sale
  • Award winning Sleep Inn, recognized with the Choice Hotels Gold Award
  • Current ownership has completed numerous renovations to maintain Sleep Inn brand standards

OVERVIEW

The Sleep Inn & Suites in Columbus, Nebraska is a 94 room, award winning hotel being brought to market for the first time by its original developer. The property is unencumbered by management, has seen over $1,100,000 in recent improvements, and is well positioned along U.S. Highway 30 with strong demand from regional employers. Columbus, Nebraska is widely regarded as one of the most industrialized cities in the state on a per capita basis, supported by a strong manufacturing workforce, consistently low unemployment, and high labor force participation in the surrounding area. Backed by consistent operating performance and strong guest reviews, the asset presents a clean, turnkey investment with clear upside potential

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$121 USD /SF

# OF ROOMS

95

PRICE/ROOM

$54,737 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sleep Inn & Suites Columbus

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1995

PARKING SPACES

117

LAND DETAILS

LAND ACRES

2.74 AC

LAND SF

119,354 SF

ZONING

03

APN/PARCEL ID

710099442

ASK ABOUT THIS PROPERTY

Gregory TimmTimm & Associates, IncMore Info
952-932-9987

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Gregory TimmTimm & Associates, IncMore Info
952-932-9987

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