5220 W Southern Ave | Indianapolis, IN 46241
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5220 W Southern Ave
Indianapolis, IN 46241
Institutional Sale | Fairfield Inn & Suites · Hospitality Property For Sale
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39,396 SF
Investment Highlights
- Highly Visible, Premier Indianapolis Positioning
- Limited Future Supply Pipeline
- Powerful Marriott Distribution Platform
- Robust Visitation and Airlift
- Institutionally Maintained Assets With Notable Upside Through Renovation: renovated in 2015 and 2019 and is in line for a major capital infusion.
- offered fee simple, free & clear of debt & unencumbered of existing management, offering new owner utmost optionality in operation & capitalization.
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1994/2019 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.50 AC | Parking Ratio | 1.57/1,000 SF |
| Building Size | 39,396 SF | Corridor | Interior |
| Zoning | ZO01 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.50 AC |
| Building Size | 39,396 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1994/2019 |
| Tenancy | Single |
| Parking Ratio | 1.57/1,000 SF |
| Corridor | Interior |
| Zoning | ZO01 |
Amenities
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Digital key
Property Taxes
| Parcel Number | 49-11-19-106-002.000-900 | Improvements Assessment | $1,096,700 |
| Land Assessment | $501,400 | Total Assessment | $1,598,100 |
Property Taxes
Parcel Number
49-11-19-106-002.000-900
Land Assessment
$501,400
Improvements Assessment
$1,096,700
Total Assessment
$1,598,100
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