325 Fire Monument Rd - Hospitality FOR SALE


Hinckley, MN 55037
$1,700,000 USD
520-664-4091
325 Fire Monument Rd, Hinckley, MN for Sale
$1,700,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

325 Fire Monument Rd
Hinckley, MN 55037


HIGHLIGHTS

  • Priced under $35,000/key less than 3x revenue
  • 49 units, 2 stories
  • 2024 room revenue: $564,934.95
  • 2023 room revenue: $589,325.95
  • Motivated seller bring all offers
  • Absentee managed

OVERVIEW

The Americas Best Value Inn – Hinckley, MN, operating under the renowned Sonesta International Hotels Corp, represents a compelling investment opportunity in the economy lodging segment. Opened in May 1966 and situated on a 1.45-acre site with a building area of 24,268 square feet, this hotel boasts a strategic interstate location, enhancing its accessibility and appeal. The property features 49 rooms distributed over two stories with exterior primary corridors. The Americas Best Value Inn – Hinckley, MN underwent significant renovations in December 2012, modernizing facilities including high-speed internet access, smoke-free rooms, and a 1,500 square foot meeting space. It is located within an Opportunity Zone, offering potential tax incentives. With a land zoning for commercial use and a building FAR of 0.38, the Americas Best Value Inn presents a solid investment for those looking to enter or expand in the economy hotel market.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$70 USD /SF

# OF ROOMS

49

PRICE/ROOM

$34,694 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Americas Best Value Inn Hinckley

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

Commercial

APN/PARCEL ID

040.0051.000,040.0053.000

ASK ABOUT THIS PROPERTY

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520-664-4091

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Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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