1410 Southeast Washington Blvd - Hospitality FOR SALE


Bartlesville, OK 74006
$1,480,000 USD
805-557-8867
1410 Southeast Washington Blvd, Bartlesville, OK for Sale
$1,480,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

1410 Southeast Washington Blvd
Bartlesville, OK 74006


HIGHLIGHTS

  • Tremendous value for owner/operator
  • Priced at $14,095/key
  • Opportunity to increase occupancy, ADR & overall RevPar through revenue management and completing renovation of 30 Studio 6 rooms
  • Onsite manager’s apartment
  • Motivated Seller

OVERVIEW

NewGen Advisory is proud to present for sale the dual brand 105-unit Motel 6/Studio 6 - Bartlesville, OK. The recently converted dual branded three-story interior corridor property has a total of 49 Motel 6 rooms, 26 Studio 6 rooms, and 30 additional rooms that require a full Studio 6 remodel. The 2.45 acre site is situated directly off US Route-75. This deal presents significant upside for an owner-operator or hands-on investor that can implement effective rate, and expense management while also completing the rehabilitation of the additional 30 Studio 6 rooms, to bring the property back to 105 total units.

FOR SALE DETAILS

PRICE

$1,480,000 USD

PRICE/SF

$53 USD /SF

# OF ROOMS

52

PRICE/ROOM

$28,462 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Bartlesville, OK

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1978

PARKING SPACES

118

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

AA1

APN/PARCEL ID

0023612

ASK ABOUT THIS PROPERTY

Mac BleierNewGen AdvisoryMore Info
805-557-8867

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Mac BleierNewGen AdvisoryMore Info
805-557-8867

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