3232 N Summit St - Hospitality FOR SALE


Arkansas City, KS 67005
$1,750,000 USD
316-295-0681
3232 N Summit St, Arkansas City, KS for Sale
$1,750,000 USD
Hospitality - FOR SALE
1/39
null | Request Cap Rate

3232 N Summit St
Arkansas City, KS 67005


HIGHLIGHTS

  • Renovated property with major upgrades including roof and HVAC replacements
  • On-site amenities include indoor pool, banquet space, guest laundry, and manager suite
  • Includes 24 outdoor storage units
  • 83-room hotel on 6.30 acres totaling 61,875 SF in Arkansas City, KS

OVERVIEW

The subject property is an 83-room hotel located at 3232 N Summit in Arkansas City, Kansas. The asset is situated on 6.30 acres and was originally constructed in 1981 with renovations completed in 2018. The property is offered for sale at $1,750,000. The hotel includes multiple on-site amenities such as an indoor pool, complimentary breakfast area, guest laundry, banquet/meeting space, and a manager’s suite. The property has undergone significant capital improvements, including a new roof in 2021, updated HVAC systems between 2019 and 2020, and various interior and operational upgrades. Located along US Highway 77 with visibility from Summit Street and traffic counts of approximately 11,300 vehicles per day, the site is positioned near a mix of retail, hospitality, and institutional demand drivers. The surrounding area includes national retailers and local employers, as well as proximity to medical facilities and educational institutions. The offering presents potential for operational upside through existing amenities, auxiliary storage uses, and additional revenue-generating opportunities.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$23 USD /SF

# OF ROOMS

83

PRICE/ROOM

$21,084 {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.