410 SE 1st St | Oak Grove, MO 64075
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- LoopNet Team
410 SE 1st St
Oak Grove, MO 64075
Econo Lodge Oak Grove Blue Springs · Hospitality Property For Sale
·
16,264 SF
INVESTMENT HIGHLIGHTS
- 2021 Revenues Surpassing 2019
- Approximately $450,000 In Exterior and Interior Renovations
- Less Than 30 Minutes From Downtown Kansas City
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1983 |
| Building Class | C | Parking Ratio | 3.26/1,000 SF |
| Lot Size | 3.00 AC | Corridor | Exterior |
| Building Size | 16,264 SF | ||
| Zoning | c | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.00 AC |
| Building Size | 16,264 SF |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 3.26/1,000 SF |
| Corridor | Exterior |
| Zoning | c |
AMENITIES
- Business Center
ABOUT 410 SE 1ST ST , OAK GROVE, MO 64075
The Econo Lodge Oak Grove completed approximately $450,000 in exterior and interior renovations. The hotel is on trend to exceed 2019 revenues in 2021 to $534,000. The Econo Lodge Oak Grove is well positioned to increase market share with its interior room renovations comparable to midscale brands and attractive exterior curb appeal. The hotel is expected to fully stabilize at over $615,000 in room revenues and NOI of over $250,000.
PROPERTY TAXES
| Parcel Number | 38-720-05-01-00-0-00-000 | Improvements Assessment | $195,731 |
| Land Assessment | $246,893 | Total Assessment | $442,624 |
PROPERTY TAXES
Parcel Number
38-720-05-01-00-0-00-000
Land Assessment
$246,893
Improvements Assessment
$195,731
Total Assessment
$442,624
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