2270 N State St - Hospitality FOR SALE


Greenfield, IN 46140
$4,850,000 USD
714-242-8291
2270 N State St, Greenfield, IN for Sale
$4,850,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

2270 N State St
Greenfield, IN 46140


OVERVIEW

• Motivated Seller: 1031, Seller has Upleg Identified • Severely Mismanaged by Court Appointed Receivership since 2020 • Approved for Best Western Conversion; Can Be Delivered Brand Unencumbered • Would be the only Best Western within 21 miles • Up to $500K in Key Money for Qualified Buyers for Various Brands including Best Western, Choice and Wyndham Hotels • Best Western Projected Revenue at a $70 RevPAR, $2,452,800 • Best Western Projected Revenue at an $80 RevPAR, $2,803,200 • Midscale Trend Report Average RevPAR of $83 for the Last Two Years • 96 Keys Listed at $50,521 Per Key • 2 Story Grand Entrance & Lobby • Largest Meeting Room Space in Greenfield; 730 SQFT to Accommodate 50 People • An Approval for a $500,000,000, 200-Acre Development is to be Built a Few Miles Away From the Property, including a 26,000 SQFT Conference Center to Accommodate 600 People • Located 12 Minutes from Indianapolis Regional Airport with an estimated ~47,000 Flights Annually • Option to Include 3 Highly Sought After Billboard Leases Reaching 1,800,000 Adults Per Month • First Visible Property off Interstate 70 • Located in USDA Opportunity Zone • Financing Options Available

FOR SALE DETAILS

PRICE

$4,850,000 USD

PRICE/SF

$92 USD /SF

# OF ROOMS

96

PRICE/ROOM

$50,521 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn & Suites Greenfield I-70

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

101

LAND DETAILS

LAND ACRES

3.29 AC

LAND SF

143,312 SF

ZONING

Hounit

APN/PARCEL ID

30-07-20-400-002.001-009

ASK ABOUT THIS PROPERTY

Sheil StampwalaT & S Hotel AdvisorsMore Info
714-242-8291

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

Sheil StampwalaT & S Hotel AdvisorsMore Info
714-242-8291

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