2233 Burton Ln | Martinsville, IN 46151
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2233 Burton Ln
Martinsville, IN 46151
Holiday Inn Express · Hospitality Property For Sale
·
41,422 SF
INVESTMENT HIGHLIGHTS
- Property tours are by APPOINTMENT ONLY. Any attempts to visit/contact property without agent approval will result in a ban from all future listings
- Fully Renovated to Formula Blue Design Scheme | Hotel Underwent $1,650,000+ in Capital Expenditures from 2019-2022
- Immediate Upside for Prospective Purchaser by Leveraging Recent Renovations to Position the Hotel as the Leading Option in the Competitive Set
- Fee Simple Interest in the 66-Unit, 3-Story, Interior-Corridor, Limited-Service Holiday Inn Express & Suites Constructed in 2005
- Attractive Long-Term Franchise Agreement Expected for Purchaser with Minimal Expected Change-in-Ownership PIP
- Proximity to All Major Area Demand Generators via I-69 & Route 39 such as Indiana University Bloomington and Martinsville NASCAR Speedway
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2005 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.82 AC | Parking Ratio | 3.02/1,000 SF |
| Building Size | 41,422 SF | Corridor | Interior |
| Zoning | Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.82 AC |
| Building Size | 41,422 SF |
| No. Stories | 3 |
| Year Built | 2005 |
| Tenancy | Single |
| Parking Ratio | 3.02/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,405,100 | |
| Land Assessment | $384,900 | Total Assessment | $3,790,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$384,900
Improvements Assessment
$3,405,100
Total Assessment
$3,790,000
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