1412 W Fayette Ave - Hospitality FOR SALE


Effingham, IL 62401
$4,000,000 USD
602-648-2700
1412 W Fayette Ave, Effingham, IL for Sale
$4,000,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

1412 W Fayette Ave
Effingham, IL 62401


HIGHLIGHTS

  • 104 Units with 65 Motel 6 & 39 Studio 6
  • 2023 Room Revenue - $1,237,877
  • TTM Room Revenue July 2024 - $1,766,993
  • Effingham located at the crossroads of Interstate 70 and Interstate 57
  • Available truck parking
  • Brand new Studio 6 suites to Gemini PIP Standard

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Motel 6 & Studio 6 in Effingham, Illinois. The property is well situated off a major exit with high visibility from two signs and consists of two stories with exterior walkways and a well-appointed lobby. With major recent capital expenditures including all new Studio 6 rooms and a thriving market positioned near well-traveled interstates, this is an opportunity for a great hospitality investment. BOR: Andrew Post | NewGen Advisory IL LLC | IL# 471021750

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$192 USD /SF

# OF ROOMS

39

PRICE/ROOM

$102,564 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studio 6 Effingham, IL

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1977

PARKING SPACES

103

LAND DETAILS

LAND ACRES

4.73 AC

LAND SF

206,039 SF

ZONING

B-5

APN/PARCEL ID

0311020100

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.