6820 S Cedar St - Hospitality FOR SALE


Lansing, MI 48911- Southeast Lansing
$750,000 USD
301-706-4619
6820 S Cedar St, Lansing, MI for Sale
$750,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

6820 S Cedar St
Lansing, MI 48911
Southeast Lansing


HIGHLIGHTS

  • STARTING BID $750,000 | Causeway Bay Hotel | 300 Rooms | Lansing MI | AUCTION OCTOBER 5-7
  • 300-Room Hotel with Repositioning Upside: Five-story asset on ±11.52 acres has S-C zoning and multifamily/commercial conversion potential.
  • ±26,000 SF Convention & Event Capacity: Meeting rooms, restaurant/bar, indoor pool, and business center create multiple revenue channels.
  • Direct I-96 Access in Michigan's Capital: Interstate positioning connects the asset efficiently to downtown and regional demand generators.
  • Significant RevPAR and Income Growth Upside: Year 1 pro forma projects $2.46M in room revenue and $689,877 NOI at just 30% occupancy.
  • Surrounded by Major Lansing Demand Drivers: MSU, GM, McLaren, Hope Sports Complex, and the regional airport are all within ±10 miles.

OVERVIEW

Brokered by Marcus & Millichap, Causeway Bay Hotel & Convention Center at 6820 S Cedar Street in Lansing, Michigan is a 300-room, five-story full-service hotel on ±11.52 acres. Built in 1985 and renovated in 2012, the Property includes ±26,000 SF of meeting space, an indoor pool, restaurant/bar, business center, and meeting facilities. Located directly off I-96 with traffic counts of 46,458 vehicles per day, the asset offers convenient access to Downtown Lansing, Michigan State University, GM Lansing Grand River Assembly, McLaren Greater Lansing Hospital, Hope Sports Complex, and Capital Region International Airport. The Opportunity exists for significant RevPAR growth through hands-on management and an improved reservation strategy, while also presenting multifamily or commercial conversion potential. S-C, Suburban Commercial zoning, provides an additional redevelopment consideration. The Year 1 pro forma projects $2.46 million in room revenue and $689,877 in NOI at 30% occupancy, offering substantial operational and repositioning upside.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$5 USD /SF

# OF ROOMS

300

PRICE/ROOM

$2,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Causeway Bay Hotel | 300 Rooms

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1985

PARKING SPACES

324

LAND DETAILS

LAND ACRES

7.75 AC

LAND SF

337,590 SF

ZONING

F Commerical

APN/PARCEL ID

01-05-10-351-332,01-05-10-351-340,01-05-10-351-412

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

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