1400 Saratoga Ave - Hospitality FOR SALE


Star City, WV 26505
$2,750,000 USD
732-800-1242
1400 Saratoga Ave, Star City, WV for Sale
$2,750,000 USD
Hospitality - FOR SALE
1/8
null | 15.82% Cap Rate

1400 Saratoga Ave
Star City, WV 26505


HIGHLIGHTS

  • Next to WVU
  • Turn Key - Red Roof Inn - 2 Buildings with 35 rooms each (12 Extended Stay rooms)

OVERVIEW

?? Red Roof Inn Conversion Opportunity – University Town WVU ?? Are you an experienced motel operator with $200K-$250K to invest? This seller-financed opportunity is perfect for owner operator! Seller Financing for the right buyer. ?? Prime Location: University Morgantown, WV ( Near Pittsburg, PA) ?? Property: 70-room exterior corridor (Buildings A & B) converting to Red Roof Inn ?? Investment: $200K-$250K for PIP (Property Improvement Plan) ?? Seller Financing: $2.5MM to be paid after 2-3 years upon refinance ?? Projected Revenue (Stabilized in 12-16 months): $1.15MM https://www.loopnet.com/Listing/1400-Saratoga-Ave-Star-City-WV/31524242/ Serious inquiries only! DM for more details. Property Listing Title: 70 room Red Roof Inn for Sale or Lease next to WVU, the most vibrant town in the entire state of West Virginia. Location, Location, Location: 1400 Saratoga Ave, Morgantown, WV 26505 Property Type: Exterior Corridor 70 room Red Roof Inn - Two bildings with 35 rooms each Listing Price: $2,750,000 Projected Revenue - $1,000,000 Projected ROI - 30% Property Description: This offering includes 70 guest rooms in two exterior corridor buildings. Key Features: Property Size: over an Acre, two buildigs 35 guest rooms in each building. Ideal for owner / Operator Contact Information: Himan urdba@yahoo.com 7328001242

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$39 USD /SF

# OF ROOMS

70

PRICE/ROOM

$39,286 {currency}

CAP RATE

15.82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel M - WVU - Owner Financing

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.52 AC

LAND SF

196,891 SF

ZONING

CR

APN/PARCEL ID

17-5-00910000

ASK ABOUT THIS PROPERTY

Himan BhatiaHotelM 1400 SaratogaMore Info
732-800-1242

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Himan BhatiaHotelM 1400 SaratogaMore Info
732-800-1242

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