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Park Drive Motel 22400 Plymouth Rd 21 Room Hotel Detroit, MI 48239 $825,000 ($39,286/Room) 14.55% Cap Rate
Investment Highlights
- Value Add= Possible Apartment conversion
- 24,000 VPD pass the subject property
- Historically High Gross Sales
Executive Summary
Park Drive Motel, located at 1727–22400 Plymouth Rd in Redford Township near Lincoln Park, offers a compelling value-add investment opportunity with 21 total rooms, including 16 currently operational, plus a 2-bedroom manager’s apartment. The property presents significant upside potential, as all rooms can be converted into studio-style apartments, allowing for repositioning into a higher-income, long-term rental asset. Strategically situated along a high-traffic corridor with strong visibility and close proximity to Detroit, the asset benefits from consistent demand driven by workforce housing and extended-stay needs. With opportunities to increase revenue through unit conversion, improved occupancy, and operational enhancements, this property is ideal for investors or owner-operators seeking both immediate cash flow and long-term appreciation.
Property Facts
| Price | $825,000 | Lot Size | 0.61 AC |
| Price Per Room | $39,286 | Building Size | 9,774 SF |
| Sale Type | Investment | No. Rooms | 21 |
| Cap Rate | 14.55% | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1952/2020 |
| Property Subtype | Hotel | Parking Ratio | 2.05/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | B4 - B-4 | ||
| Price | $825,000 |
| Price Per Room | $39,286 |
| Sale Type | Investment |
| Cap Rate | 14.55% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 9,774 SF |
| No. Rooms | 21 |
| No. Stories | 1 |
| Year Built/Renovated | 1952/2020 |
| Parking Ratio | 2.05/1,000 SF |
| Corridor | Exterior |
| Zoning | B4 - B-4 |
Amenities
- Controlled Access
- Wheelchair Accessible
- Public Access Wifi
- Fiber Optic Internet
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 21 | $70.00 | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $182,200 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$182,200
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Park Drive Motel | 22400 Plymouth Rd
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