2600 SE 16th St | Ames, IA 50010
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- LoopNet Team
2600 SE 16th St
Ames, IA 50010
Econo Lodge Ames · Hospitality Property For Sale
·
36,350 SF
INVESTMENT HIGHLIGHTS
- 85 Unit, 2 Story, Interior Corridor Hotel with Indoor Pool
- 30 Miles North of Des Moines by Interstate 35 in Vibrant College Town, Home to Iowa State University
- Management Issues with Absentee Owner; Underperforming with a RevPAR in 2023 at 56% of Competing Hotels
- Room Revenue in 2023: $558,333
- Perfect for Owner-Operator; Renovated Manager's Apartment Converted from 3 Units including Kitchen & Living Room
- Excellent Location in Ames, a City with a Population of 66,424
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1985/2019 |
| Building Class | C | Parking Ratio | 2.75/1,000 SF |
| Lot Size | 2.22 AC | Corridor | Interior |
| Building Size | 36,350 SF | ||
| Zoning | HOC - Highway Oriented Commercial Zoning | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.22 AC |
| Building Size | 36,350 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2019 |
| Parking Ratio | 2.75/1,000 SF |
| Corridor | Interior |
| Zoning | HOC - Highway Oriented Commercial Zoning |
AMENITIES
- Pool
- Meeting Event Space
PROPERTY TAXES
| Parcel Number | 10-18-100-035 | Improvements Assessment | $1,431,000 |
| Land Assessment | $580,000 | Total Assessment | $2,011,000 |
PROPERTY TAXES
Parcel Number
10-18-100-035
Land Assessment
$580,000
Improvements Assessment
$1,431,000
Total Assessment
$2,011,000
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