59 E Rampart St - Hospitality FOR SALE


Shelbyville, IN 46176
$6,400,000 USD
707-364-5650
59 E Rampart St, Shelbyville, IN for Sale
$6,400,000 USD
Hospitality - FOR SALE
1/3
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59 E Rampart St
Shelbyville, IN 46176


HIGHLIGHTS

  • Well-located Hampton Inn with 57 keys and 15-year license extension in Shelbyville, IN.
  • Building size of ±32,516 SF on ±1.99 acres with recent and planned renovations.
  • Diverse demand from manufacturing, healthcare, and leisure sectors nearby.
  • Comprehensive amenities include pool, fitness center, event space, and free breakfast.
  • Pricing guidance at $6,400,000, representing a 3.47x T12 RRM multiple.

OVERVIEW

Mitchell Glasson and Luke Whittaker of Matthews Real Estate Investment Services are pleased to present the Hampton Inn Shelbyville, a well-located hotel in Shelbyville, IN just southeast of Indianapolis with convenient access to Interstate 74. The asset provides investors with a strong combination of in-place cash flow and long-term stability, supported by a diverse demand base including nearby manufacturing employers such as Knauf Insulation and Ryobi Die Casting, as well as leisure demand from Indiana Grand Racing & Casino. Additionally, the property benefits from its proximity to major Indianapolis demand drivers including the Indiana Convention Center, Lucas Oil Stadium, and leading employers such as Eli Lilly and Company and Salesforce, allowing it to capture both local and overflow demand and positioning it as a compelling opportunity in a stable and growing submarket. Broker of Record Kyle Matthews License # RC52200195, RB17001213 (IN) Matthews Real Estate Investment Services, LLC 1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$197 USD /SF

# OF ROOMS

57

PRICE/ROOM

$112,281 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Inn Shelbyville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

BH

APN/PARCEL ID

73-07-29-300-083.000-002

ASK ABOUT THIS PROPERTY

Mitchell GlassonMatthews Real Estate Investment ServicesMore Info
707-364-5650

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Mitchell GlassonMatthews Real Estate Investment ServicesMore Info
707-364-5650

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