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2402 Park Ave
Muscatine, IA 52761
Turnkey | Owner / User | Huge Renovations · Hospitality Property For Sale
·
36,529 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1974/1996 |
| Building Class | C | Parking Ratio | 3.18/1,000 SF |
| Lot Size | 3.37 AC | Corridor | Interior |
| Building Size | 36,529 SF | ||
| Zoning | C1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.37 AC |
| Building Size | 36,529 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/1996 |
| Parking Ratio | 3.18/1,000 SF |
| Corridor | Interior |
| Zoning | C1 |
AMENITIES
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
ABOUT 2402 PARK AVE , MUSCATINE, IA 52761
This 85 room Travelodge Inn & Suites has an attractive location in Muscatine, IA. Located off Iowa Highway 61, the property is conveniently located close to shopping, restaurants and Muscatine' s demand generators. Many improvements have recently been made to the property, including new carpet, paint, beds, bedding and digital PTAC units. The breakfast room has been totally remodeled and the owners have installed a new heater for the indoor swimming pool. The hotel also has a NEW, 3-room manager's quarters. The hotel offers a number of room types, from a standard room to whirlpool and fireplace suites. There are also 10 Themed Suites which are extremely popular. Extended stay business (construction, utility & energy companies) makes up approximately 15% of the room revenue. Muscatine has a strong business community with demand generators such as HNI Corporation, Kent Corporation (formerly Muscatine Foods), SSAB Steel, Musco Lighting, Monsanto and Muscatine Power & Water. Given the price point of the offering, the increasing revenue, solid net income and location, we feel this hotel deserves your attention. Off of Highway 61 in eastern Iowa
PROPERTY TAXES
| Parcel Number | 0825126002 | Improvements Assessment | $229,590 |
| Land Assessment | $481,310 | Total Assessment | $710,900 |
PROPERTY TAXES
