5501 National Rd E | Richmond, IN 47374
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- LoopNet Team
5501 National Rd E
Richmond, IN 47374
Quality Inn & Conference Center Richmond · Hospitality Property For Sale
·
89,340 SF
INVESTMENT HIGHLIGHTS
- 134-room Quality Inn & Conference Center located just off I-70 along a major retail corridor, completely renovated in 2020-2021.
- Guest amenities include Wi-Fi, hot breakfast, meeting space, business center, fitness center, guest laundry facilities, indoor heated pool, and more.
- Excellent opportunity to acquire a stable, operating Choice Hotels branded asset with operational upside.
- Conveniently surrounded by destination dining options for guests including Red Lobster, Buffalo Wild Wings, Olive Garden, Texas Roadhouse, and more.
- Great visibility to 19,000 vehicles traveling daily along National Road E and easily accessible to 27,000 vehicles traveling daily along I-70.
- The area highlights strong demographics with 38,296 residents, 25,352 daytime employees, and 2,112 businesses within a five-mile radius.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1972/2021 |
| Building Class | C | Parking Ratio | 2.47/1,000 SF |
| Lot Size | 4.00 AC | Corridor | Interior |
| Building Size | 89,340 SF | ||
| Zoning | OC - Outdoor Commercial District | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.00 AC |
| Building Size | 89,340 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1972/2021 |
| Parking Ratio | 2.47/1,000 SF |
| Corridor | Interior |
| Zoning | OC - Outdoor Commercial District |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 89-16-36-330-101.000-030 | Improvements Assessment | $2,995,500 |
| Land Assessment | $672,800 | Total Assessment | $3,668,300 |
PROPERTY TAXES
Parcel Number
89-16-36-330-101.000-030
Land Assessment
$672,800
Improvements Assessment
$2,995,500
Total Assessment
$3,668,300
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