14221 E 8 Mile Rd - Hospitality FOR SALE


Warren, MI 48089
$1,400,000 USD
734-516-7451
14221 E 8 Mile Rd, Warren, MI for Sale
$1,400,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

14221 E 8 Mile Rd
Warren, MI 48089


HIGHLIGHTS

  • Updated guest rooms with modern amenities.
  • Prime location on busy 8 Mile Rd.
  • 17-unit motel with various room features.
  • Includes a spacious living area for the owner.

OVERVIEW

PRINCIPALS ONLY SELLER FINANCING AVAILABLE - LAND CONTRACT 17 Unit Independent Motel located on the high traffic count of 8 Mile Rd., Warren, Michigan near the major crossroad of Gratiot Avenue. The property recently received a $200,000 renovation in 2022-2023 of all the guest rooms. This included new drywall, vinyl flooring, bathrooms, toilets, showers, vanities, new mattress sets, furniture, televisions, jacuzzi tubs, additional in-room shower units 50% of the rooms with micro/refrigerator units, and all rooms with PTAC Units. Owner Living Quarters is located behind the front desk and includes a kitchen, dining room, living room, bathroom, and two bedrooms with a possible third bedroom.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$141 USD /SF

# OF ROOMS

17

PRICE/ROOM

$82,353 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Queen B Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

M1

APN/PARCEL ID

12-13-36-386-003

ASK ABOUT THIS PROPERTY

John GlasnakHotel Ventures InternationalMore Info
734-516-7451

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John GlasnakHotel Ventures InternationalMore Info
734-516-7451

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