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Super 8 Carroll 1757 N US Highway 71 30 Room Hotel Carroll, IA 51401 $700,000 ($23,333/Room)
INVESTMENT HIGHLIGHTS
- - Asking price is significantly less than the assessed value
- - Great opportunity to improve operating processes and cash flow with a Wyndham Brand
- - .4+- acres of excess vacant land directly west of the hotel, that is used for overflow parking
- - Strategic location with access directly to Hwy 71
EXECUTIVE SUMMARY
This property presents a prime investment opportunity for an owner or investor looking to enhance operations and maximize returns. Featuring an expansive 11,832 SF building with 30 units, the asset offers substantial income potential. Constructed in 1978, the property benefits from commercial zoning, providing flexibility for a variety of uses or future redevelopment. Its strategic location along N US Hwy 71 ensures excellent visibility, accessibility, and strong positioning within the Carroll, Iowa market.
PROPERTY FACTS
| Price | $700,000 | Building Size | 12,187 SF |
| Price Per Room | $23,333 | No. Rooms | 30 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1978 |
| Property Subtype | Hotel | Parking Ratio | 2.35/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.19 AC | ||
| Zoning | C - Commercial | ||
| Price | $700,000 |
| Price Per Room | $23,333 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.19 AC |
| Building Size | 12,187 SF |
| No. Rooms | 30 |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 2.35/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial |
AMENITIES
- Business Center
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 30 | $64.00 | - |
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PROPERTY TAXES
| Parcel Number | 06-23-226-005 | Improvements Assessment | $860,350 |
| Land Assessment | $137,000 | Total Assessment | $997,350 |
PROPERTY TAXES
Parcel Number
06-23-226-005
Land Assessment
$137,000
Improvements Assessment
$860,350
Total Assessment
$997,350
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Super 8 Carroll | 1757 N US Highway 71
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