4601 SW 3rd St - Hospitality FOR SALE


Oklahoma City, OK 73128- W South Oklahoma City
$2,650,000 USD
405-810-1414
4601 SW 3rd St, Oklahoma City, OK for Sale
$2,650,000 USD
Hospitality - FOR SALE
1/12
null | Request Cap Rate

4601 SW 3rd St
Oklahoma City, OK 73128
W South Oklahoma City


HIGHLIGHTS

  • $1M Renovation (to be completed prior to sale)
  • Interstate visibility, I-40
  • Includes two large living quarters not included in room count
  • Price Reduction of $300K
  • Extended Stay with Kitchenettes
  • Rebranding | Adaptive Re-Use Opportunity

OVERVIEW

Deal Highlights • CALL FOR OFFERS CLOSED. BEST AND FINAL BEING ACCEPTED • LENDER MANDATED SALE / POTENTIAL SHORT SALE • Extended Stay with Kitchenettes • Rebranding | Adaptive Re-Use Opportunity • Mix of 1 and 2 Room Suites • Interstate Location near MAJOR Demand Generators The Studio Inn OKC Airport is a 78-unit, 2-story, exterior corridor hotel with excellent Interstate visibility on I-40 and close proximity to Will Rogers World Airport. The hotel recently underwent an exterior renovation including new roofing, siding, paint and signage in late 2024. The interior extended stay conversion was completed in approximately 2020 to Studio 6 standards, however the hotel has operated without a brand since mid-2024. The hotel contains 78 modern guest suites, of which 75 are rentable and 3 are used for storage. The rooms have kitchenettes, free Wi-Fi and flat screen TVs. The hotel also includes two large living quarters, not included in room count. The hotel amenities include truck parking, guest coin laundry, vending machines and free morning coffee. Out of state, absentee owner, third party management. The potential for a highly motivated, experienced owner operator is excellent. Call broker for additional pricing guidance. SEE BELOW FOR CALL FOR OFFER TERMS. Final Offer Date: CALL FOR OFFERS CLOSED. BEST AND FINAL OFFERS BEING ACCEPTED. All offers should be submitted in writing, in the form of a Letter of Intent (LOI). A standard form LOI can be provided upon request. Buyers should provide a history of hotel ownership and management experience and evidence of financial capability to purchase the property with their offer. Please also indicate if the buyer has toured the hotel. Offers will be evaluated on final pricing, transaction timing, deposit terms, closing history, and financial capability of the individual offeror. Offers will be evaluated, accepted or declined at the sole discretion of the Seller and are subject to current first mortgage holder approval. The Seller specifically retains the right to cancel this call for offers at any time, with or without notice. Please do not contact the property directly. For information and tours, contact Peter Holmes at peterh@hotelbrokerone.com or 405.810.1414.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$75 USD /SF

# OF ROOMS

74

PRICE/ROOM

$35,811 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studio Inn Extended Stay Oklahoma City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1982

PARKING SPACES

89

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,141 SF

ZONING

I-1

APN/PARCEL ID

146911030

ASK ABOUT THIS PROPERTY

Bruce HolmesHotelBrokerOneMore Info
405-810-1414

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Bruce HolmesHotelBrokerOneMore Info
405-810-1414

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