805 21st St - Hospitality FOR SALE


Austin, MN 55912
$1,000,000 USD
805-557-8943
805 21st St, Austin, MN for Sale
$1,000,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

805 21st St
Austin, MN 55912


HIGHLIGHTS

  • 39 units, one-story, exterior corridor
  • 2024 room revenue: $285,913; June 2025 T12 revenue: $284,821
  • Offered at 3.51x multiplier of the T12 revenue
  • Priced to sell at $25,641/key
  • 2 hours North of Des Moines and 1 hour West of Rochester on I-90
  • Ideal for an owner-operator, Eligible for USDA financing

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Rodeway Inn in Austin, Minnesota. This 39-unit, single-story, exterior corridor property is strategically located on Interstate 90, offering convenient access for travelers. This offering presents an ideal scenario for an owner-operator looking for a well-located, financially sound hotel with manageable operations, poised to benefit from both local demand generators and regional travel patterns.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$68 USD /SF

# OF ROOMS

39

PRICE/ROOM

$25,641 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn & Suites Austin

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1995

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

C

APN/PARCEL ID

34-190-4190

ASK ABOUT THIS PROPERTY

Ryan BleierNewGen AdvisoryMore Info
805-557-8943

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Ryan BleierNewGen AdvisoryMore Info
805-557-8943

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