This Hospitality Property is no longer advertised on LoopNet.com.

4585 S Harding St
Indianapolis, IN 46217
Indianapolis South Inn · Hospitality Property For Sale · 36,000 SF

Investment Highlights

  • Priced Significantly Below Replacement Cost at $36,042 per Key
  • Located 10 Miles from Indianapolis International Airport
  • 160 Percent RevPAR Index Compared to the Competitive Set
  • 72-Room, Exterior Corridor, Economy Hotel
  • Absentee Owner
  • Operational Upside for Prospective Hands-On Owner-Operator Investor

Property Facts

Property Type Hospitality
Property Subtype
Hotel
  • Hospitality Hotel
Building Class B
Lot Size 1.27 AC
Building Size 36,000 SF
No. Stories 2
Year Built/Renovated 1975/2016
Parking Ratio 2.22/1,000 SF
Corridor Exterior
Zoning ZO01

Amenities

  • High Speed Internet Access
  • Public Access Wifi

About 4585 S HARDING ST , INDIANAPOLIS, IN 46217

Property Overview: The Motel 6 Indianapolis - South is a 74-room, two-story, exterior corridor hotel built in 1984. Well-equipped with numerous common area and guest room amenities, this limited-service economy hotel offers spacious guest rooms that come furnished with flat-screen televisions and complimentary Wi-Fi. Additionally, a few common area amenities the hotel has to offer includes vending machines and self-service laundry facilities. Location Overview: Indianapolis, Indiana is a city located in Marion County in the central region of the state, six miles from downtown Indianapolis. The Motel 6 Indianapolis - South is superbly positioned on South Harding Street, right off Loop 465. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include health care, retail trade, and manufacturing. IU School of Medicine (6.6 miles) and IU Health University Hospital (6.6 miles), two of the city’s largest employers, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include St. Vincent’s Hospital (17.2 miles) and Roche Diagnostics Corporation (22.7 miles). Revenue generators in the area, like Indianapolis Zoo (5.6 miles) and Indianapolis Motor Speedway (8.9 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Indianapolis International Airport (10.5 miles) and Newfield’s Art Museum (10.5 miles). Broker of Record Josh Caruana License: IN BR14034355

Property Taxes

Property Taxes

Parcel Number
49-11-34-105-012.000-500
Land Assessment
$182,000
Improvements Assessment
$299,800
Total Assessment
$481,800
  • Listing ID: 18907229

  • Date on Market: 3/18/2020

  • Last Updated:

  • Address: 4585 S Harding St, Indianapolis, IN 46217

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