833 W Main St - Hospitality FOR SALE


Gaylord, MI 49735
$3,900,000 USD
231-941-1777
833 W Main St, Gaylord, MI for Sale
$3,900,000 USD
Hospitality - FOR SALE
1/9
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833 W Main St
Gaylord, MI 49735


HIGHLIGHTS

  • Well located at Exit #282 off Interstate 75 and the main traffic corridor, State Highway 32 (Main Street)
  • Excellent opportunity to develope the vacant restaurant and bar located on-site
  • Tremendous upside to complete PIP franchise renovations

OVERVIEW

New Listing/Principles Only. The Travelodge by Wyndham has a superior location, excellent visibility and accessibility. In July 2024, 60 renovated rooms were opened and all room are rentable in 2025. Room revenue should significantly increase upon completion of the ongoing PIP requirment. Originally developed in 1969 as a Holiday Inn.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$31 USD /SF

# OF ROOMS

137

PRICE/ROOM

$28,467 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelodge by Wyndham Gaylord

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1969

PARKING SPACES

216

LAND DETAILS

LAND ACRES

4.5 AC

LAND SF

196,020 SF

ZONING

B-3

APN/PARCEL ID

101-104-000-160-00

ASK ABOUT THIS PROPERTY

Meril DeanSmith Dean BurgettMore Info
231-941-1777

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Meril DeanSmith Dean BurgettMore Info
231-941-1777

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