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- LoopNet Team
410 W Sioux Ave
Pierre, SD 57501
Quality Inn Pierre - Fort Pierre · Hospitality Property For Sale
·
47,105 SF
INVESTMENT HIGHLIGHTS
- Two-Story, 58-Room, Limited-Service, Recently Renovated Hotel
- Excellent Location in Downtown Pierre - South Dakota’s Capital
- Major Upside Potential for New Owner to Implement Better Revenue Management Strategies to Increase Market Share
- Priced Below Replacement Cost at $48,276 Per Key
- Well-Maintained Asset with Minimal to No PIP Expected
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1994/2016 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 1.10 AC | Corridor | Interior |
| Building Size | 47,105 SF | ||
| Zoning | NA-DC2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 47,105 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1994/2016 |
| Parking Ratio | 1.44/1,000 SF |
| Corridor | Interior |
| Zoning | NA-DC2 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Public Access Wifi
- Smoke-Free
ABOUT 410 W SIOUX AVE , PIERRE, SD 57501
Property Overview: The Quality Inn Pierre-Fort Pierre is a Choice Hotels International, Inc-branded property that was built in 1994. Each room features a desk with an ergonomic chair, ?at-screen television, microwave, and select rooms include jacuzzis. The common areas feature vending machines, a laundry facility, an indoor heated pool, a business center, a breakfast area, and bus parking. Location Overview: Pierre, South Dakota, is the state capital and located in the central part of the state along the banks of the nearby Missouri River. The top market demand industries in the region include government, technology, and gaming. The Quality Inn Pierre-Fort Pierre is located on 410 West Sioux Avenue nearby many of these room demand generators. The Aces & Eights Casino (0.4 miles), Cash Out Casino (0.1 miles), and the Golden Isle Casino (2.8 miles) are a few gaming venues that are near the hotel. The Runnings Farm & Fleet distribution center (5.3 miles) is another major corporation that is in the region. Leisure travelers visit the sought-after Lake Oahe (8.5 miles) and Oahe Dam (8.2 miles) for recreational activities. Additional popular venues include the South Dakota’s State Capitol Building (1.1 miles), Verendrye Museum (2.2 miles), the Vietnam War Memorial (1.1 miles), and the South Dakota National Guard Museum (0.6 miles). The Pierre Regional Airport (5.2 miles) offers air charters for ?eets, rentals, and ?eets.
PROPERTY TAXES
| Parcel Number | 7806 | Improvements Assessment | $1,656,703 |
| Land Assessment | $692,965 | Total Assessment | $2,349,668 |
PROPERTY TAXES
