500 W 29th St - Hospitality FOR SALE


North Little Rock, AR 72114
$2,550,000 USD
501-773-7377
500 W 29th St, North Little Rock, AR for Sale
$2,550,000 USD
Hospitality - FOR SALE
1/46
null | 7.33% Cap Rate

500 W 29th St
North Little Rock, AR 72114


HIGHLIGHTS

  • Opportunity to increase occupancy, ADR, and RevPAR through strategic renovations, enhanced revenue management, and operational improvements.
  • Current operating performance provides meaningful opportunity for experienced ownership to improve market penetration, increase revenues, and expand p
  • Minutes from Downtown Little Rock, Simmons Bank Arena, Bill & Hillary Clinton National Airport, Port of Little Rock, Camp Robinson, and Major Hospital

OVERVIEW

Alethes Realty, Inc.? is pleased to exclusively offer the Quality Inn & Suites JFK located at 500 W 29th Street, North Little Rock, AR 72114.? This 108-room hotel presents a significant investment opportunity in the thriving Central Arkansas market.? Quality Inn & Suites offers investors the opportunity to acquire a nationally branded hotel in the Little Rock metropolitan area at a basis below replacement cost.? With a manageable renovation program, established operating history, and multiple opportunities to improve occupancy, ADR, and overall operating performance, the property presents a compelling value-add investment for experienced hospitality owners and operators.? New ownership has the opportunity to unlock additional value through strategic capital improvements, revenue management, and operational efficiencies while benefiting from the strength of the Choice Hotels franchise platform.?

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$59 USD /SF

# OF ROOMS

108

PRICE/ROOM

$23,611 {currency}

CAP RATE

7.33%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn & Suites JFK

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1985

PARKING SPACES

116

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

C3

APN/PARCEL ID

33N-215-00-087-01

ASK ABOUT THIS PROPERTY

Mital PatelAlethes Realty, Inc.More Info
501-773-7377

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Mital PatelAlethes Realty, Inc.More Info
501-773-7377

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