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

522 Essex Dr
Kokomo, IN 46901
Comfort Inn Kokomo · Hospitality Property For Sale · 28,100 SF

Property Facts

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.06 AC
Building Size 28,100 SF
No. Stories 2
Year Built/Renovated 1990/2004
Parking Ratio 1.99/1,000 SF
Corridor Interior
Zoning GC - General Commercial

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi

About 522 ESSEX DR , KOKOMO, IN 46901

Property tours are available by appointment. Please contact the listing broker to schedule a tour. Investment Highlights: Fee-simple interest in the institutionally owned and third-party managed 63-room Comfort Inn offered at a fraction of replacement cost Property offered for sale through Ten-X in the April 25th auction Available unencumbered of debt and third-party management with the ability to retain the Comfort Inn brand Seller has completed approximately $424k (~$7k per key) of total renovation in recent years Adjacent to State Road 22 and State Road 931 interchange with upwards of 45,000 vehicles passing the location daily Optimal location in the heart of Kokomo within four miles of the city's largest employers including Fiat Chrysler, General Motors, Delphi Technologies, Haynes International, and Indiana University Kokomo Within walking distance of numerous full-service nationally recognized restaurants Proximate to all broader Kokomo area demand including downtown Kokomo and Kokomo Municipal Stadium Investment Overview: Paramount Lodging Advisors (PLA) and Ten-X are pleased to exclusively present the opportunity to acquire the fee-simple interest in t Please contact the listing broker to schedule a tour. Investment Highlights: Fee-simple interest in the institutionally owned and third-party managed 63-room Comfort Inn offered at a fraction of replacement cost Property offered for sale through Ten-X in the April 25th auction Available unencumbered of debt and third-party management with the ability to retain the Comfort Inn brand Seller has completed approximately $424k (~$7k per key) of total renovation in recent years Adjacent to State Road 22 and State Road 931 interchange with upwards of 45,000 vehicles passing the location daily Optimal location in the heart of Kokomo within four miles of the city's largest employers including Fiat Chrysler, General Motors, Delphi Technologies, Haynes International, and Indiana University Kokomo Within walking distance of numerous full-service nationally recognized restaurants Proximate to all broader Kokomo area demand including downtown Kokomo and Kokomo Municipal Stadium Investment Overview: Paramount Lodging Advisors (PLA) and Ten-X are pleased to exclusively present the opportunity to acquire the fee-simple interest in the Comfort Inn Kokomo, Indiana. Since 2014,

Property Taxes

Property Taxes

Parcel Number
34-04-32-301-003.000-002
Land Assessment
$275,400
Improvements Assessment
$1,448,100
Total Assessment
$1,723,500
  • Listing ID: 11517016

  • Date on Market: 2/7/2018

  • Last Updated:

  • Address: 522 Essex Dr, Kokomo, IN 46901

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