3040 5th Ave S - Hospitality FOR SALE


Fort Dodge, IA 50501
$2,050,000 USD
562-412-0799
3040 5th Ave S, Fort Dodge, IA for Sale
$2,050,000 USD
Hospitality - FOR SALE
1/53
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3040 5th Ave S
Fort Dodge, IA 50501


HIGHLIGHTS

  • 2-story, 67-room, interior corridor hotel that includes extended-stay rooms with kitchenettes, as well as suites with two rooms and hot tubs
  • New roof and many recent improvements
  • Consistent revenue performance
  • Absentee owner. Opportunity to increase revenues and profit margins with onsite owner operator
  • Manager’s Suite, guest laundry , fitness center, 2-room suites with hot tub and kitchenette

OVERVIEW

FOR SALE BY OWNER : Solicitation of offers to acquire the fee-simple Days Inn, Fort Dodge, IA. The Days Inn is ideally located in the heart of Fort Dodge on 5th Avenue South close to Iowa Central Community College, Trinity Regional Medical Center, and top attractions including the Fort Museum, Fort Frenzy Family Fun Center, the Harlan & Hazel Rogers Sports Complex, Soldier Creek Nature Trail, Crossroads Mall, and the Rosedale Rapids Aquatic Center.Property was being managed by a 3th Party Professional Management Co, from Dec 2023 thro July end 2024, whose "performance" can be seen from Revenue Nos and Guest Feedback,buyers will have to ignore that "performance". Luckily the Owners took back the property on Aug 1st 2024 and buyers can now see how a property is to be managed. Revenue numbers have been trending up, Property has undergone major transformation, All Public Areas have been remodeled, Guest Reviews are trending upwards, Guest rooms are also being remodeled. 1) Owner is out of State from CA, this is a excellent property for a Owner Operator.2) Great Location in Fort Dodge IA 3) Along with restaurants in parking lot, 4) walking to Grocery Store like Hyvee, Walmart,Target,Aldi as well as Pharmacies. 5) The property has a nice 2 bedroom ,2 level Manager Apartment, Ample Truck Parking, Fitness Center, Guest Laundry. New Roof was installed in 2022/23 period, New Fire Alarm system was installed in 2024. Lenders are willing to finance for a Experienced Owner Operator. 2024 Revenue Number took a hit due to great management by a professional management company. Owners have revenue numbers for last 10 years.Since August 2024, Revenues are again on the upside. We believe the land on the West Side of the Building can be used to create some Self Storage Facility or other project.Fort Dodge,IA we believe is the Birthplace of the Drywall, it has factories for Calcium, Drywall, Nestle Purina Plant, Meat Processing Plant close by,Koch Fertilizer plants and many other industrial activities in few miles distance. Fort Dodge IA is only approx 90 minutes from DSM International Airport and some 60 minutes from Iowa State Univ in Ames IA. We have 2 room suites, 2 with Hot Tubs, remaining with Kitchenettes , 2beds and 3 beds, excellent for extended stay guest. Buyers who are looking for a Nice Property,will understand and realize that such properties are very rare in the market, look at the Brand/Size/Location/Condition/Out of State Seller/Restaurants in parking lot/Walking to Grocery stores/Pharmacies//// Be Smart, pick up the phone and contact us

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$68 USD /SF

# OF ROOMS

67

PRICE/ROOM

$30,597 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn by Wyndham Fort Dodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

59

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

89,995 SF

ZONING

C

APN/PARCEL ID

07-21-451-019

ASK ABOUT THIS PROPERTY

Mike RajaPioneer Realty & FinanceMore Info
562-412-0799

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Mike RajaPioneer Realty & FinanceMore Info
562-412-0799

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