4155 28th St SE - Hospitality FOR SALE


Grand Rapids, MI 49512- Outer Kentwood/Wyoming
$5,300,000 USD
231-941-1777
4155 28th St SE, Grand Rapids, MI for Sale
$5,300,000 USD
Hospitality - FOR SALE
1/30
null | Request Cap Rate

4155 28th St SE
Grand Rapids, MI 49512
Outer Kentwood/Wyoming


HIGHLIGHTS

  • Great location on busy 28th Street in Grand Rapids, Michigan
  • Opportunity to bring the hotel back to strong historic performance levels
  • Up-flagging opportunity with City Express by Marriott and Best Western Plus indicating interest in conversion

OVERVIEW

Great opportunity to bring this hotel back to strong performance as it once did. City Express by Marriott and Best Western Plus have both indicated strong interest in converting this hotel. The Grand Rapids market is coming back after a few years of being down and new room supply has been absorbed. Good location on 28th Street near Gerald Ford International Airport offering park and fly packages. Professional management could improve all performance metrics.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$118 USD /SF

# OF ROOMS

107

PRICE/ROOM

$49,533 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn Airport Grand Rapids

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1981

PARKING SPACES

109

LAND DETAILS

LAND ACRES

2.22 AC

LAND SF

96,877 SF

ZONING

C2

APN/PARCEL ID

41-18-12-351-009

ASK ABOUT THIS PROPERTY

Meril DeanSmith Dean BurgettMore Info
231-941-1777

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Meril DeanSmith Dean BurgettMore Info
231-941-1777

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