410 5th St SW - Hospitality FOR SALE


Mason City, IA 50401
$4,500,000 USD
651-278-8265
410 5th St SW, Mason City, IA for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/9
null | 9.6% Cap Rate

410 5th St SW
Mason City, IA 50401


HIGHLIGHTS

  • Fully Renovated Asset in Conversion to Comfort Inn & Suites October 2024
  • Strong Traffic Counts (Up to 18,083 VPD), High Visibility Location Along a Major Mason City Thoroughfare in Proximity to Key Demand Generators
  • Operational Upside Opportunity Via More Hands-On Ownership

OVERVIEW

P&E Hotel Advisors is proud to have been selected as the exclusive representative for the sale of the Comfort Inn & Suites Mason City, a recently renovated, 60-key, interior-corridor, upper-midscale hotel located in the Iowa Northeast submarket. Offered at $75,000 per key, the property delivers strong in-place cash flow with institutional underwriting metrics and measurable operational upside. Originally constructed in 1990 and renovated in 2024, the three-story, 26,658 SF asset sits on 1.06 acres along a high-visibility commercial corridor with traffic counts exceeding 18,000 vehicles per day. The property benefits from proximity to downtown Mason City, regional healthcare providers, corporate employers, and ongoing downtown redevelopment initiatives. Please visit https://platform.reverecre.com/project/4afdaa87-b379-4766-b221-64208ec78030 for more details.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$169 USD /SF

# OF ROOMS

60

PRICE/ROOM

$75,000 {currency}

CAP RATE

9.6%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn & Suites Mason City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1990

PARKING SPACES

62

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

C-2

APN/PARCEL ID

07-09-402-01-300

ASK ABOUT THIS PROPERTY

Jake EricksonP&E Hotel AdvisorsMore Info
651-278-8265

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Jake EricksonP&E Hotel AdvisorsMore Info
651-278-8265

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