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1315 N Broadway St
New Ulm, MN 56073
Colonial Inn Extended Stay by OYO New Ulm · Hospitality Property For Sale
·
6,860 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1962/1991 |
| Building Class | C | Parking Ratio | 3.94/1,000 SF |
| Lot Size | 0.57 AC | Corridor | Exterior |
| Building Size | 6,860 SF | ||
| Zoning | C2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.57 AC |
| Building Size | 6,860 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1962/1991 |
| Parking Ratio | 3.94/1,000 SF |
| Corridor | Exterior |
| Zoning | C2 |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
ABOUT 1315 N BROADWAY ST , NEW ULM, MN 56073
Property Features 24 room exterior corridor hotel Full basement under entire building 12,664 total building sq. ft. Hotel lot size = 0.57 acres ADR averages $30.97 for 2015 Annual Rev Par is $24.36 Property built in 1962 & 1973 Occupancy in 2015 = 82.9% Pricing List Price is $499,000 ($35.45/sq. ft.) $18,708 per key 2015 Real Estate Taxes are $5,198 Financials available upon request Location Located on Broadway Street North (Hwy 68 & 14) between 13th & 14th Street North in New Ulm, Minnesota 1.8 miles from New Ulm Municipal Airport Mixed use neighborhood consisting of retail, office, light industrial, single & multi-family
PROPERTY TAXES
| Parcel Number | 00100109202020 | Improvements Assessment | $130,900 |
| Land Assessment | $111,700 | Total Assessment | $242,600 |
PROPERTY TAXES
