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2628 E Lincolnway
Goshen, IN 46526
Super 8 Goshen · Hospitality Property For Sale
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22,880 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 2001/2016 |
| Building Class | C | Tenancy | Single |
| Lot Size | 2.20 AC | Parking Ratio | 2.62/1,000 SF |
| Building Size | 22,880 SF | Corridor | Interior |
| Zoning | ZO01 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.20 AC |
| Building Size | 22,880 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2001/2016 |
| Tenancy | Single |
| Parking Ratio | 2.62/1,000 SF |
| Corridor | Interior |
| Zoning | ZO01 |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 2628 E LINCOLNWAY , GOSHEN, IN 46526
Seller now offering owner financing of 5% to 7% as part of the equity stack (down payment for a conventional loan) for buyers qualified in the sole opinion of the seller. The Super 8 hotel is located in northeastern Indiana in the industrial town of Goshen. The hotel was built in 2001 and has 52 keys and an apartment plus a newer garage and located on 2.2 acres. Also available is an out lot of 2 + acres. The beds were all new in 2008 and the roof is only 2 or 3 years old, also the PTAC's are maintained in a rolling replacement of 5 to 8 per years. The hotel has been kept in amazing shape considering the age of the building. The hotel's asking price is $2,950,000 which based on the 2017 P&L equates to a 12.8% cap rate and a 3.4 revenue multiplier.
PROPERTY TAXES
| Parcel Number | 20-11-25-251-008.000-015 | Improvements Assessment | $1,824,600 |
| Land Assessment | $121,000 | Total Assessment | $1,945,600 |
PROPERTY TAXES
