4231 Industrial Ave - Hospitality FOR SALE


Lincoln, NE 68504
$3,600,000 USD
913-906-8600
4231 Industrial Ave, Lincoln, NE for Sale
$3,600,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

4231 Industrial Ave
Lincoln, NE 68504


HIGHLIGHTS

  • 59-room Comfort Inn, built in 1994, in Lincoln, NE.
  • Lincoln, NE has a population of over 294,000 residents.
  • Strategically located 5 Minutes from Interstate 80.
  • Close to University of Nebraska-Lincoln, with 26,000+ students.
  • 5.1 miles from Lincoln Airport, serving 300,000+ passengers yearly
  • Part of a growing market with major future developments.

OVERVIEW

Property Overview The Comfort Inn, located at 4231 Industrial Ave, Lincoln, NE, is a 59-room hotel built in 1994. The property has been well-maintained and features numerous updates, ensuring a competitive and appealing offering in the hospitality market. Recent Upgrades - Exterior and Parking: Newly resurfaced parking lot with enhanced lighting for guest safety and convenience. - Pool and Spa: Renovated swimming pool and hot tub with a new air inhalation unit, heater, pumps, and freshly painted surfaces. - Guest Rooms: Upgraded guest experience with 10 new in-room AC units, six rooms equipped with LED Smart TVs, and refreshed linens valued at $30,000. - Accessibility Enhancements: Five handicap-accessible rooms featuring modernized acrylic bathtubs and surrounds. - Operational Upgrades: Two new commercial dryers, repaired laundry facilities, and updated water heaters ensuring smooth operations. - Brand Compliance: Updated to meet Comfort brand standards, including new signage and a modern logo displayed behind the front desk. Strategic Location - Interstate 80 (I-80): Just 0.8 miles away, offering high visibility to approximately 30,000 daily vehicles. - University of Nebraska-Lincoln: A five-minute drive to the university, with an enrollment of 26,000+ students providing consistent demand. - Lincoln Airport (LNK): Located 7 miles away, serving over 300,000 passengers annually. - Downtown Lincoln: Less than 10 minutes away, offering proximity to government offices, corporate headquarters, and entertainment venues. - Memorial Stadium: Home to Nebraska Cornhuskers football, drawing 85,000+ fans during game weekends. - Lancaster Event Center: A multi-use facility located 6.2 miles from the property, hosting over 320 events annually and attracting 500,000 attendees. Future Developments - Block 65 Redevelopment: $50 million mixed-use project set to attract an estimated 50,000 visitors annually. - Telegraph District Expansion: A tech-focused district driving employment growth with coworking and residential spaces. - South Beltway Project: A $352 million highway project improving city access and reducing congestion. Events Driving Occupancy - Nebraska State Fair: Over 350,000 annual attendees boost hotel demand. - Jazz in June Festival: A popular downtown summer event attracting thousands. - Lincoln Marathon: Springtime event drawing over 10,000 participants and spectators, creating high lodging demand. Investment Opportunity This well-maintained property, with extensive recent upgrades and a strategic location near key demand drivers, offers strong cash-flow potential and long-term growth opportunities. Future city developments and annual events further bolster its position as a prime hospitality investment.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$114 USD /SF

# OF ROOMS

59

PRICE/ROOM

$61,017 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Suites University Lincoln

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1994

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

I1

APN/PARCEL ID

17-07-105-001-000

ASK ABOUT THIS PROPERTY

Dharam ChaudhariRECO REAL ESTATE ADVISORSMore Info
913-906-8600

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Dharam ChaudhariRECO REAL ESTATE ADVISORSMore Info
913-906-8600

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