Red Roof Inn Des Moines 5020 NE 14th St 57 Room Hotel Des Moines, IA 50313 $3,499,000 ($61,386/Room)
EXECUTIVE SUMMARY
**Red Roof Inn Des Moines** is a prime investment opportunity with a fantastic location at **5020 NE 14TH ST, DES MOINES IA 50313-2016**. Built in 2007, this property features 62 rooms spread across a 24,604 SF building on a spacious 1.06-acre lot. The lush green surroundings and modern two-story construction provide an inviting atmosphere for guests. Offered at $3,499,000, this investment boasts a competitive price per key of $56,435, making it an attractive option. With a variety of nearby attractions and a population of over 155,000 within a 5-mile radius, the location offers a strong foundation for hospitality business success. Don't miss out on this exceptional chance to own a well-maintained property in a thriving area. Contact us today to learn more about **Red Roof Inn Des Moines** and secure your investment in this vibrant community.
PROPERTY FACTS
| Price | $3,499,000 |
| Price Per Room | $61,386 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 24,004 SF |
| No. Rooms | 57 |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2017 |
| Tenancy | Single |
| Parking Ratio | 2.17/1,000 SF |
| Corridor | Exterior |
| Zoning | LB |
AMENITIES
- Business Center
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 57 | $83.00 | - |
PROPERTY TAXES
| Parcel Number | 270-01273000000 | Improvements Assessment | $1,025,000 |
| Land Assessment | $255,000 | Total Assessment | $1,280,000 |
CONTACT
-
Silvestre Madrigal Jr -
C21 AllStars, Commercial & Investment Group
