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720 33rd Ave SW
Cedar Rapids, IA 52404
Baymont Inn & Suites Cedar Rapids · Hospitality Property For Sale
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23,838 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1995 |
| Building Class | B | Parking Ratio | 2.81/1,000 SF |
| Lot Size | 1.27 AC | Corridor | Interior |
| Building Size | 23,838 SF | ||
| Zoning | S-MC | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.27 AC |
| Building Size | 23,838 SF |
| No. Stories | 3 |
| Year Built | 1995 |
| Parking Ratio | 2.81/1,000 SF |
| Corridor | Interior |
| Zoning | S-MC |
AMENITIES
- Business Center
- Fitness Center
- Public Access Wifi
- Smoke-Free
ABOUT 720 33RD AVE SW , CEDAR RAPIDS, IA 52404
Fee simple interest in the 57-room Baymont Inn Cedar Rapids, IA available at a significant discount to replacement cost Three-story hotel with elevator situated on nearly 1.3 acres offering ample space for tractor trailer, RV, and bus parking Offered unencumbered of debt and management with ability to retain the Baymont Inn flag at sale with minimal PIP anticipated Recent major capital improvements completed within the last year include a brand-new roof, complete residing of the entire building, and all new exterior signage Accessible from I-380, just north of Highway 30, with upwards of 90,000 vehicles passing the exit daily Convenient to all local and regional demand including Hawkeye Downs Speedway & Expo Center, the Eastern Iowa Airport, and Kirkwood Community College Situated within minutes of two large new development projects in SW Cedar Rapids including the massive $109MM FedEX Ground Package System warehouse and distribution center and the $139MM BAE Systems classified aerospace defense facility, both scheduled for completion in late 2022 Strong market recovery underway with comp set YE 2021 RevPAR outpacing 2019 by nearly 31%
PROPERTY TAXES
| Parcel Number | 19051-76009-00000 | Improvements Assessment | $1,396,500 |
| Land Assessment | $317,500 | Total Assessment | $1,714,000 |
PROPERTY TAXES
