32511 Concord Dr - Hospitality FOR SALE


Madison Heights, MI 48071
$6,200,000 USD
734-516-7451
32511 Concord Dr, Madison Heights, MI for Sale
$6,200,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

32511 Concord Dr
Madison Heights, MI 48071


HIGHLIGHTS

  • 2025 Occupancy 80.09%
  • 2024 Occupancy 84.98%
  • Renovated to Red Roof inn Standards 2022 - 2023

OVERVIEW

Madison Heights hotel demand is driven by its location within Oakland County's "Automation Alley" with strong corporate, manufacturing, and industrial business from the area's 1,300 businesses including firms like Henkel North America and various auto suppliers. The proximity to I-75 Expressway and 14 mile rd. provides access to medical centers, shopping malls, area attractions and the surrounding suburbs.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$190 USD /SF

# OF ROOMS

108

PRICE/ROOM

$57,407 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Detroit - Royal Oak/ Madison

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1982

PARKING SPACES

110

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,491 SF

ZONING

B-3 GEN

APN/PARCEL ID

25-02-201-025

ASK ABOUT THIS PROPERTY

John GlasnakHotel Ventures InternationalMore Info
734-516-7451

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John GlasnakHotel Ventures InternationalMore Info
734-516-7451

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