805-866-0486
3980 S Reed Rd, Kokomo, IN for Sale
Hospitality - FOR SALE
1/13
null | Request Cap Rate

3980 S Reed Rd
Kokomo, IN 46902


HIGHLIGHTS

  • 80 units, 2 story, exterior corridor
  • 25 Additional rooms available for expansion
  • Property sits on a generous 3.6 Acres
  • Vacant onsite 3500 sqft Restaurant Space for retail or restaurant use
  • ~28% YOY Revenue Increase
  • 2024 Room Rev $1,698,636

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Days Inn & Suites by Wyndham - Kokomo, IN. The property is located in a business district north of Indianapolis by about one hour. This hotel features 80 renovated guest rooms and suites with two buildings, two stories, and exterior corridors. Additionally, the Days Inn & Suites by Wyndham - Kokomo, IN features an outdoor pool in the courtyard, a fitness facility, and a breakfast room, as well as an on-site restaurant, prime to be leased out for additional revenue. Kokomo, Indiana, the county seat of Howard County, is a city steeped in industrial history and known as the "City of Firsts" for its numerous automotive and technological innovations. Located in north-central Indiana, it's a key player in the region's economy, with the automotive industry remaining a significant employer, alongside ongoing efforts to diversify. Beyond its industrial roots, Kokomo offers cultural attractions like the Seiberling Mansion and Kokomo Opalescent Glass, and a revitalized downtown area that provides dining, arts, and entertainment. With its blend of historical significance and modern development, Kokomo strives to balance its rich past with a forward-looking approach to community and economic growth.

FOR SALE DETAILS

PRICE

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# OF ROOMS

80

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn & Suites by Wyndham Kokomo

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

139

LAND DETAILS

LAND ACRES

3.59 AC

LAND SF

156,380 SF

ZONING

N/A

APN/PARCEL ID

34-10-18-302-009.000-015

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Jay BhimaNewgenMore Info
805-866-0486

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Jay BhimaNewgenMore Info
805-866-0486

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