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Cranbrook Motel 20500 James Couzens Fwy 101 Room Hotel Detroit, MI 48235 $3,700,000 ($36,634/Room) 8.82% Cap Rate
Investment Highlights
- ?Public Safety Partnership: Strategic affiliation with Project Green Light (PGL)
- ?Generational Real Estate with Frontage and Exposure to Incredibly High Traffic Counts.
- ?Rare Use permitted in a B4 Zoning (Business District)
Executive Summary
Unprecedented opportunity to acquire an Independently
operated, cash-flowing motel (101 Rooms) situated on PRIME
Real Estate located in Detroit, Michigan. This property is an ideal
acquisition for an owner-operator / or Redevelopment play.
$406M Redevelopment adjacent to property.
operated, cash-flowing motel (101 Rooms) situated on PRIME
Real Estate located in Detroit, Michigan. This property is an ideal
acquisition for an owner-operator / or Redevelopment play.
$406M Redevelopment adjacent to property.
Property Facts
| Price | $3,700,000 | Lot Size | 1.40 AC |
| Price Per Room | $36,634 | Building Size | 34,259 SF |
| Sale Type | Investment | No. Rooms | 101 |
| Cap Rate | 8.82% | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1957 |
| Property Subtype | Hotel | Parking Ratio | 2.36/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | B4 - The site is zoned B-4; General Business by Detroit. The purpose of the district is designed to provide for a wide diversity of business activities. | ||
| Price | $3,700,000 |
| Price Per Room | $36,634 |
| Sale Type | Investment |
| Cap Rate | 8.82% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.40 AC |
| Building Size | 34,259 SF |
| No. Rooms | 101 |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 2.36/1,000 SF |
| Corridor | Interior |
| Zoning | B4 - The site is zoned B-4; General Business by Detroit. The purpose of the district is designed to provide for a wide diversity of business activities. |
Amenities
- Controlled Access
- Wheelchair Accessible
- Public Access Wifi
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 101 | $61.00 | - |
Property Taxes
| Parcel Number | 22-01941-231 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $690,800 |
Property Taxes
Parcel Number
22-01941-231
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$690,800
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Cranbrook Motel | 20500 James Couzens Fwy
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