2301 Towson Ave - Hospitality FOR SALE


Fort Smith, AR 72901- Fort Smith Southside
$1,650,000 USD
818-851-3314
2301 Towson Ave, Fort Smith, AR for Sale
$1,650,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

2301 Towson Ave
Fort Smith, AR 72901
Fort Smith Southside


HIGHLIGHTS

  • 80 Total Units (20 Rooms Not Currently Utilized)
  • Highly Motivated Seller - ALL OFFERS ENCOURAGED
  • Absentee Owner with Underperforming Management - Two Manager's Apartments Available
  • 5,000 (+/-) Sq Ft Restaurant and Event Space Available to Lease for Additional Income
  • 2024 Room Revenue: $602,567: Asking 2.7x Revenue
  • Fort Smith is Serviced by Interstate 40 & Interstate 540, Midway between Little Rock and OKC with a Population of 90,000

OVERVIEW

The Super 8 in Fort Smith, AR is an 80 room, 2 story exterior corridor hotel located in Northwest Arkansas, a few miles South of Interstate 40, near Interstate 540 and six miles from Fort Smith Regional Airport. The current Owner is absentee, and only has 60 of the 80 total rooms operating in Wyndham's reservation system. The remaining 20 rooms are in rentable condition and could be activated. There are 2 apartments with kitchens for employees, and a large 5,000 (+/-) sq ft restaurant and event space that can be leased out for additional income. The Seller says that the Super 8 transfer fee is only $5,000, and the Seller anticipates that a new owner's PIP would not be significant, though of course we do not know what Wyndham will require until a franchise application is made. This is a perfect opportunity for an owner operator to capture the upside potential. The trailing twelve-month revenue as of September 2024 is $603,000. Fort Smith has a population of 90,000 people, and features the Arkansas River, lying on the Oklahoma state border. The city is serviced by Interstates I-40 and I-49 and Fort Smith Regional Airport. The hotel is close to University of Arkansas - Fort Smith, Planters Co, Rheem Manufacturing, downtown Fort Smith and top attractions including Choctaw Casino, Parrot Island Waterpark, and Creekmore Park.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$42 USD /SF

# OF ROOMS

80

PRICE/ROOM

$20,625 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 by Wyndham Fort Smith

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.61 AC

LAND SF

113,692 SF

ZONING

C-1

APN/PARCEL ID

16464-0001-00000-00

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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