59 E Rampart St - Hospitality FOR SALE


Shelbyville, IN 46176
$7,700,000 USD
805-866-0486
59 E Rampart St, Shelbyville, IN for Sale
$7,700,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

59 E Rampart St
Shelbyville, IN 46176


HIGHLIGHTS

  • 57 units, three-story, interior corridor
  • Annual average three year revenue: $1.9M
  • 2024 EBITDA: $550,075
  • Offered at a 7.1% cap rate
  • Room revenue multiplier is 3.8x the Feb 2025 TTM
  • Hilton PIP complete as of 2025, offering a 15-year Hilton license for new owner

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Hampton Inn - Shelbyville, IN, Indiana. This property represents a strong potential for robust returns, driven by strategic location and demonstrable revenue growth potential. Featuring 57 guestrooms with an interior corridor design, the hotel spreads over three stories with a mix of amenities. As part of the Hilton and Hampton families, loyal guests recognize the consistent quality and service presented in this opportunity. Conveniently located directly off Interstate 74, this Hampton Inn provides easy access to Indianapolis and other major Indiana cities. Shelbyville's robust economic growth, driven by new business development, is fueling increased demand for quality lodging. The Hampton Inn, strategically located for easy access to key attractions and business centers, is poised to capitalize on this growth. As evidence by reports highlighting Shelbyville's favorable geographical positioning for future expansion, this property offers a compelling investment opportunity within a rapidly developing market.

FOR SALE DETAILS

PRICE

$7,700,000 USD

PRICE/SF

$237 USD /SF

# OF ROOMS

57

PRICE/ROOM

$135,088 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Inn Shelbyville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

BH

APN/PARCEL ID

73-07-29-300-083.000-002

ASK ABOUT THIS PROPERTY

Jay BhimaNewgenMore Info
805-866-0486

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Jay BhimaNewgenMore Info
805-866-0486

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