11000 Federal Ave - Hospitality FOR SALE


Colfax, IA 50054
$1,200,000 USD
11000 Federal Ave, Colfax, IA for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/2
null | 10% Cap Rate

11000 Federal Ave
Colfax, IA 50054


OVERVIEW

2-story, -37 rooms, interior corridor hotel with Elevator that includes extended-stay rooms with kitchenettes, as well as suites with two rooms and hot tubs Consistent revenue performance Manager’s Suite , Many recent improvements Absentee owner. Opportunity to increase revenues and profit margins with onsite owner operator

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$74 USD /SF

# OF ROOMS

39

PRICE/ROOM

$30,769 {currency}

CAP RATE

10%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Microtel Inn & Suites Colfax Newton

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2007

PARKING SPACES

39

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

RCC

APN/PARCEL ID

06-35-400-011

ASK ABOUT THIS PROPERTY

Tejash ChaudhariMicrotel Inn & Suites by Wyndham Colfax NewtonMore Info

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Tejash ChaudhariMicrotel Inn & Suites by Wyndham Colfax NewtonMore Info

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