3232 N Summit St - Hospitality FOR SALE


Arkansas City, KS 67005
$1,895,000 USD
316-295-0681
3232 N Summit St, Arkansas City, KS for Sale
$1,895,000 USD
Hospitality - FOR SALE
1/39
null | Request Cap Rate

3232 N Summit St
Arkansas City, KS 67005


HIGHLIGHTS

  • Quality Inn Ark City, KS is being offered at a new price of $1,895,000 with a 5-year average revenue of $646,000 (3.17X)
  • Priced at $23,295/Key
  • With a prime location and impressive amenities, this is a deal that savvy investors won't want to miss out on.
  • Complimentary breakfast, indoor pool, fitness center, business center, guest laundry, and conference/meeting space, and storage units
  • Renovated Manager/Owner Suite
  • Unbeatable Value: This property boasts a low cost per square foot of just $30.62, offering investors an incredible opportunity to maximize their ROI.

OVERVIEW

PRICE IMPROVEMENT! Introducing Quality Inn Ark City at 3232 N Summit, Arkansas City KS 67005. This 61,875 SF hotel, featuring 88 rooms on 6.30+/- acres of land, presents a prime investment opportunity now priced at $1,895,000. With a recent renovation investment exceeding $739,000, the property offers investors a low price per key of $23,295 and a remarkable price per square foot of $33.13. Boasting amenities like complimentary breakfast, indoor pool, fitness center, business center, and conference space, Quality Inn Ark City provides an attractive package for potential buyers. The location, coupled with the potential to increase revenue through various strategies like local employer contracts, bar/restaurant development, outdoor storage units and banquet hall utilization, sets the stage for a lucrative investment. Don't miss out on the chance to maximize ROI and acquire a valued asset in Arkansas City. Notice to Potential Visitors: Please do not appear at the property without scheduling an appointment in advance. Unannounced visits will not be accommodated. To view the hotel or for more information, please contact us to arrange a suitable time for a showing.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$25 USD /SF

# OF ROOMS

83

PRICE/ROOM

$22,831 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Arkansas City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

158

LAND DETAILS

LAND ACRES

6.32 AC

LAND SF

275,299 SF

ZONING

C

APN/PARCEL ID

294-18-0-20-01-002.00-0

ASK ABOUT THIS PROPERTY

Asa PechinHeritage 1st RealtyMore Info
316-295-0681

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Asa PechinHeritage 1st RealtyMore Info
316-295-0681

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