222 W 2nd St - Hospitality FOR SALE


Ottumwa, IA 52501
$3,600,000 USD
786-710-7120
222 W 2nd St, Ottumwa, IA for Sale
$3,600,000 USD
Hospitality - FOR SALE
1/10
null | 12.1% Cap Rate

222 W 2nd St
Ottumwa, IA 52501


HIGHLIGHTS

  • Built in 2003, renovated in 2024
  • Turnkey investment opportunity with consistent revenue streams
  • Vibrant and growing downtown location

OVERVIEW

Turnkey Operation: The property is well-maintained, with modern amenities, interior corridors, and a Wyndham affiliation providing instant brand recognition. Guaranteed Revenue Streams: Existing agreements such as the Amtrak contract (8 rooms daily) and parking rental ensure consistent income. Proposed Popular Restaurant & Bakery: This addition is expected to further increase foot traffic, enhancing the property’s profitability. Strategic Location: The hotel is centrally located near key landmarks, highways, and Ottumwa Amtrak Station, making it a prime choice for travelers. Growing City: Ottumwa’s economic stability, population growth, and regional importance provide a strong foundation for long-term success. Investors in American Inn by Wyndham will benefit from the city’s steady economic base, thriving tourism, and the property’s strategic location and well-established reputation.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$123 USD /SF

# OF ROOMS

54

PRICE/ROOM

$66,667 {currency}

CAP RATE

12.1%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AmericInn Ottumwa

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2003

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

Commercial

APN/PARCEL ID

007413760193000

ASK ABOUT THIS PROPERTY

Pinal PatelVijayasha Shyam IncMore Info
786-710-7120

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Pinal PatelVijayasha Shyam IncMore Info
786-710-7120

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