966 S Outer Dr - Hospitality FOR SALE
Saginaw, MI 48601 |
$1,800,000 USD
248-931-7694
966 S Outer Dr
Saginaw, MI 48601
HIGHLIGHTS
- Prime Location: The hotel benefits from a prime location with direct visibility and access off Interstate 75.
- Managers Suite: Originally built as an 80-room hotel, the property includes a manager's apartment comprising of 4.5 rooms, 2 bathrooms and a kitchen
- Operational Efficiencies: Currently managed under absentee ownership, the property offers significant upside potential for an owner-operator.
OVERVIEW
The Red Roof Inn located in Saginaw, Michigan, is a two-story, 63 room hotel that was built in 1974 and underwent a renovation in 2017. Situated on 4.04 acres right off Interstate 75, this well-positioned property provides easy access easy access to Castle Museum, Shiawassee National Wildlife Refuge, and The Dow Event Center.
FOR SALE DETAILS
PRICE
$1,800,000 USD
PRICE/SF
$74 USD /SF
# OF ROOMS
63
PRICE/ROOM
$28,571 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Red Roof Inn Saginaw - Frankenmuth
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1973
PARKING SPACES
86
LAND DETAILS
LAND ACRES
4.04 AC
LAND SF
175,982 SF
ZONING
TC-TWN CTR
APN/PARCEL ID
10125282022000
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248-931-7694
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248-931-7694
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