921 N Lincoln Rd - Hospitality FOR SALE


Escanaba, MI 49829
$2,100,000 USD
231-941-1777
921 N Lincoln Rd, Escanaba, MI for Sale
$2,100,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

921 N Lincoln Rd
Escanaba, MI 49829


HIGHLIGHTS

  • Good owner operator
  • In-town highway location near demand generators
  • Hotel in good condition with minimal new owner PIP expected.

OVERVIEW

The TraveLodge was built in 1990 and features two-story construction, vinyl/wood exterior w/decorative brick facade, metal roof, interior corridors, spacious lobby, breakfast area, spa, and commercial laundry. There are 50 guest rooms, consisting of one-room suites, double and single rooms with new queen size and/or double beds and one room with a new king bed. Room amenities include high-speed wireless Internet access, new 42” LG flat screen television w/cable & HBO, direct-dial telephone, electronic door lock, coffeemaker, refrigerator, micro-wave oven, hair dryer, alarm clock and iron/ironing board. The parking lot was recently repaired, sealed, and striped. It is well-lit and offers electrical hookups for trucks. There is landscape stone and occasional shrubbery around the perimeter of the building. Many recent renovations, CapEx list available. The hotel was part of CHOICE Hotels until converting to TraveLodge in 2019.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$108 USD /SF

# OF ROOMS

50

PRICE/ROOM

$42,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelodge Escanaba

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1989

PARKING SPACES

61

LAND DETAILS

LAND ACRES

1.82 AC

LAND SF

79,279 SF

ZONING

Commercial

APN/PARCEL ID

210514202919300029

ASK ABOUT THIS PROPERTY

Gary SmithSmith Dean BurgettMore Info
231-941-1777

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Gary SmithSmith Dean BurgettMore Info
231-941-1777

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