140 Venita Dr - Hospitality FOR SALE


O'Fallon, IL 62269
$3,200,000 USD
602-648-2700
140 Venita Dr, O'Fallon, IL for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

140 Venita Dr
O'Fallon, IL 62269


HIGHLIGHTS

  • 71 units, three-story, interior corridor property with elevator
  • Well located off Interstate 64, just 30 miles to St. Louis Lambert International Airport
  • 1 mile from O'Fallon Family Sports Park
  • 16 miles to Busch Stadium (St. Louis Cardinals baseball) and Enterprise Center (St. Louis Blues hockey)
  • Offered at $45,070/key
  • Priced at 4.2x 2024 room revenue

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Sleep Inn in O’Fallon, Illionois. This exceptional property features 71 comfortable rooms across three-story layout. The property is ideally situated near O'Fallon City Park—a lively spot for picnics, walks, and outdoor activities. Just 15 minutes away is the O'Fallon Sports Complex, and nearby St. Louis County Parks offer breathtaking hiking trails and peaceful picnic areas. O'Fallon also boasts a rich history, with roots in early American and Native American cultures, as well as important roles in the War of 1812 and the Civil War. O'Fallon, Illinois, is a vibrant and growing city located in St. Clair County, within the St. Louis metropolitan area. Its advantageous location provides residents with easy access to the cultural and economic opportunities of St. Louis, Missouri, which is just a short drive away. Known for its family-friendly atmosphere, O'Fallon offers a blend of suburban living with access to urban amenities. O'Fallon boasts a strong community spirit, evident in its numerous parks, recreational facilities, and community events. The city's proximity to Scott Air Force Base contributes to its diverse population and stable economy. With well-regarded schools, a thriving downtown area, and ongoing development, O'Fallon has become an attractive place for residents seeking a high quality of life, with the added benefit of being near the larger metropolitan region.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$99 USD /SF

# OF ROOMS

71

PRICE/ROOM

$45,070 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sleep Inn O'Fallon near I-64

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

88

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,567 SF

ZONING

C

APN/PARCEL ID

03-25.0-201-006

ASK ABOUT THIS PROPERTY

Ben RohlfingNewGen AdvisoryMore Info
602-648-2700

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Ben RohlfingNewGen AdvisoryMore Info
602-648-2700

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