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Cedar Inn 502 S Division Ave 40 Room Hotel Cavalier, ND 58220 $2,659,900 ($66,498/Room)
EXECUTIVE SUMMARY
Cedar Inn presents an attractive investment opportunity in Cavalier, NV, with a 12,000 SF building on 1.01 acres of land. Featuring 40 rooms and a prime location on S Division Ave, this well-established property offers immense potential for growth and success. Built in 1983, the Cedar Inn boasts a solid financial outlook with a competitive price of $2,659,900, translating to $66,498 per key and $221.66 per SF. The surrounding area demonstrates promising demographics, with a growing population and rising household incomes. With commercial zoning and convenient parking ratio, this property is primed for various business ventures. Don't miss the opportunity to own a piece of this hospitality gem in Cavalier. Contact us today to explore the potential of Cedar Inn and make this property a valuable addition to your portfolio.
PROPERTY FACTS
| Price | $2,659,900 | Building Size | 12,000 SF |
| Price Per Room | $66,498 | No. Rooms | 40 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1983 |
| Property Subtype | Hotel | Parking Ratio | 1.83/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.01 AC | ||
| Zoning | Commercial | ||
| Price | $2,659,900 |
| Price Per Room | $66,498 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.01 AC |
| Building Size | 12,000 SF |
| No. Rooms | 40 |
| No. Stories | 1 |
| Year Built | 1983 |
| Parking Ratio | 1.83/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial |
AMENITIES
- Restaurant
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $101.00 | - |
| Guest Room | 39 | $91.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 276060000 | Improvements Assessment | $270,145 |
| Land Assessment | $20,110 | Total Assessment | $290,255 |
PROPERTY TAXES
Parcel Number
276060000
Land Assessment
$20,110
Improvements Assessment
$270,145
Total Assessment
$290,255
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Cedar Inn | 502 S Division Ave
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