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Browse More Listings in Hotel & Motel For Sale, Aberdeen, SD or South Dakota

Hotel / Motel For Sale

Major Franchised Hotel

2414 6th Ave. SE, Aberdeen, SD 57401

Price:
$3,180,000
No. Rooms:
61
Building Size:
27,823 SF
Price/Room:
$52,131.15
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Cap Rate:
9%
Average Daily Rate:
$70
Average Occupancy:
66%
Corridor:
Yes
Lot Size:
1.77 AC
Find Out More...

Last Verified 10/12/2009 Listing ID 16202711

Description

Great motel in a prime location. The property is in great shape and would make a perfect buy for either an owner/operator or an investor. Amenities include Continental Breakfast, Broadband Internet, Indoor Pool, Bus/Truck parking.

NOTE: Address given is NOT correct - contact Broker for address and Franchise name. Please - NO VISITS WITHOUT A PRIOR APPOINTMENT!

The property is ideally located, with the Lakewood Mall and the Aberdeen Regional Airport nearby. Other lodging, food, and retail services are all located in near proximity to the motel.

Broker' s Note: Aberdeen is a consistent and strong performer in the economy of northern South Dakota, being a regional center for agriculture and business. This is an opportunity to own a very good motel in a very solid market.

Financial Summary

Actual
Net Operating Income
$2,797,200

Map of 2414 6th Ave. SE, Aberdeen, SD 57401 (Brown County)

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Contact Listing Broker

Pat Green (307) 686-6360

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Created 4/22/2009

Additional Information for 2414 6th Avenue Se, Aberdeen, SD 57401

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - Major Franchised Hotel

2414 6th Ave. SE, Aberdeen, SD, 57401