502 W Highway 66 - Hospitality FOR SALE


Drayton, ND 58225
$900,000 USD
303-250-8338
502 W Highway 66, Drayton, ND for Sale
$900,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

502 W Highway 66
Drayton, ND 58225


HIGHLIGHTS

  • INDEPENDENT ECONOMY PROPERTY
  • UNENCUMBERED OF DEBT & MANAGEMENT
  • DISCOUNT TO REPLACEMENT COST
  • 30 GUESTROOMS

OVERVIEW

Avison Young Hospitality Group, as exclusive agent for the Seller, is pleased to present for your consideration the Economy Hotel Drayton totaling 30 rooms. Located in Drayton, North Dakota, the Property is being sold fully unencumbered of management and debt and presents investors with the opportunity to acquire an economy hotel with existing in-place cash flow. Please contact broker for more details on this opportunity.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$92 USD /SF

# OF ROOMS

25

PRICE/ROOM

$36,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Economy Hotel Drayton

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

Commercial

APN/PARCEL ID

293330000

ASK ABOUT THIS PROPERTY

Chris KilcullenAvison Young Hotel GroupMore Info
303-250-8338

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Chris KilcullenAvison Young Hotel GroupMore Info
303-250-8338

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