406 Main Ave NE - Hospitality FOR SALE


Warroad, MN 56763
$3,500,000 USD
218-689-3156
406 Main Ave NE, Warroad, MN for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

406 Main Ave NE
Warroad, MN 56763


HIGHLIGHTS

  • Stabilized long-term hotel business
  • High visibility with access off main corridor State Hwy 11
  • Substantial renovation updates with no notable material deferred maintenance

OVERVIEW

The Offering consists of the opportunity to acquire a 41-key, limited-service hotel located in Warroad, Minnesota. Details: 41-key limited-service hotel Two-story frame construction Built in 1993; recent substantial renovation updates & detailed ongoing maintenance Well-maintained asset with no notable material deferred maintenance Recent capital improvements include new roof & siding in 2017, new HVAC and water softeners, new security system and significant guest room updates including beds, tv’s, linens, vanities and flooring. Property is not anticipated to require any significant near-term capital expenditures Guest Rooms & Other Spaces: Efficient, standardized guestroom layouts (36) Double Queen Rooms (2) Double ADA Rooms (1) 4 Queen Suite (1) Owner Suite (1) Overnight Employee Room Office/Front Desk Check-In Area Private Kitchen Clean, organized storage spaces Amenities: Ample parking lot w/ electric pedestals Guest Laundry Room w/ Coin Operated Washers & Dryers Fire Alarm & Sprinkler System Vending Machine; Ice Machine; ATM Machine High visibility location off State Highway 11 Financials available upon execution of a Confidentiality and Non-Disclosure Agreement.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$166 USD /SF

# OF ROOMS

40

PRICE/ROOM

$87,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Can Am Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1994

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,771 SF

ZONING

Commercial/Industrial

APN/PARCEL ID

56.0198612

ASK ABOUT THIS PROPERTY

Bryan PahlenPahlen Realty, Inc.More Info
218-689-3156

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Bryan PahlenPahlen Realty, Inc.More Info
218-689-3156

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