406 E 22nd St - Hospitality FOR SALE


Huntingburg, IN 47542
$2,300,000 USD
812-661-7836
406 E 22nd St, Huntingburg, IN for Sale
$2,300,000 USD
Hospitality - FOR SALE
1/13
null | 10.06% Cap Rate

406 E 22nd St
Huntingburg, IN 47542


HIGHLIGHTS

  • The most appealing features of the property is a resort style lay out and remote, hill location
  • The proximity to area attractions
  • On site restaurant and bar

OVERVIEW

The hotel is situated on 4.85 Acres land with ample parking for trucks, boats, and vehicles. The hotel has 88 guest rooms, outdoor pool, hot tub Splash Pad and a wading pool. The on site lease restaurant is the steady rental income for the hotel. The current restaurant owner is not using the bar/lounge at its highest potential. The Restaurant and Bar can be a good revenue stream for the owner, should they run it themselves.The restaurant is the most popular lunch and dinner place in town. This hotel is the perfect property for an owner operator. The pre covid average total revenue was $835,723. The current yearly revenue estimated $650,000. There is a tremendous upside potential for an owner operator. The CAP rate is per pro forma budget.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$33 USD /SF

# OF ROOMS

87

PRICE/ROOM

$26,437 {currency}

CAP RATE

10.06%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Huntingburg

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.85 AC

LAND SF

211,266 SF

ZONING

B1

APN/PARCEL ID

19-11-27-200-004.000-020,

ASK ABOUT THIS PROPERTY

Hemang ShahKala HotelsMore Info
812-661-7836

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Hemang ShahKala HotelsMore Info
812-661-7836

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