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- LoopNet Team
2229 E 59th St
Anderson, IN 46013
Comfort Inn Anderson · Hospitality Property For Sale
·
45,405 SF
INVESTMENT HIGHLIGHTS
- 98-Room, Interior Corridor, Upper Midscale Hotel Built in 1999
- Recently Renovated to the Move to Modern & Truly Yours Brand Standards with Choice Hotels, Including new Signage
- Strong Cash Flows with 30 Percent Net-Operating Income
- Located Within the Indianapolis MSA; 35 Miles Northeast of Indianapolis
- Operational Upside for Prospective Hands-On Owner-Operator Investor
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1999 |
| Building Class | C | Tenancy | Single |
| Lot Size | 2.26 AC | Parking Ratio | 2.42/1,000 SF |
| Building Size | 45,405 SF | Corridor | Interior |
| Zoning | Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.26 AC |
| Building Size | 45,405 SF |
| No. Stories | 3 |
| Year Built | 1999 |
| Tenancy | Single |
| Parking Ratio | 2.42/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
ABOUT 2229 E 59TH ST , ANDERSON, IN 46013
Property Overview: The Comfort Inn Anderson is a 98-room, three-story, interior corridor hotel built in 1999. Well-equipped with numerous common area and guest room amenities, this limited-service upper midscale hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, and flat-screen television with premium channels. Additionally, some splendid common area amenities the hotel has to offer consist of an indoor pool, spa tub, fitness center, business center, and meeting room. Location Overview: Anderson, Indiana is a city located in Madison County in the northeastern region of the state, 40 miles northeast of Indianapolis. The Comfort Inn Anderson is superbly positioned on 59th Street, near the Highway 9 and Interstate 69 interchange. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include health care, manufacturing, and retail trade. STAR Financial Bank and St. Vincent Anderson Regional Hospital, two of the city’s largest employers located approximately four miles from the hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Carter Logistics (5.8 miles) and Anderson Community School Corporation (7.6 miles). Revenue generators in the area, like Southtown Centre (1.3 miles) and Harrah's Hoosier Park (1.8 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Mounds State Park (4.8 miles) and Anderson Municipal Airport (6.3 miles). Broker of Record Josh Caruana License: IN RB14034355
PROPERTY TAXES
| Parcel Number | 48-12-32-600-003.000-003 | Improvements Assessment | $2,097,200 |
| Land Assessment | $302,800 | Total Assessment | $2,400,000 |
PROPERTY TAXES
