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720 Highway 10
Saint Cloud, MN 56304
Nights Inn · Hospitality Property For Sale
·
27 Rooms
Executive Summary
The Nights Inn has been under the same ownership over last 30 years and has operated very steadily over that time. There is ample room for increased revenue. The current owners have not utilized online booking or a website in the past. Traffic is expected to increase on U.S. 10 now that the major construction has been completed. There is also an excess of C-5 land in front of the property for potential future development. Reason for sale, is owner retirement.
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Thank you for looking.
Property Facts Under Contract
| Price Per Room | $61,111 | No. Rooms | 27 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1990 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 2.61/1,000 SF |
| Lot Size | 4.96 AC | Corridor | Exterior |
| Building Size | 15,345 SF | Opportunity Zone |
Yes
|
| Zoning | C5 - Zoning allow for auto repair, car washes, and drive-through uses. | ||
| Price Per Room | $61,111 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.96 AC |
| Building Size | 15,345 SF |
| No. Rooms | 27 |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 2.61/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C5 - Zoning allow for auto repair, car washes, and drive-through uses. |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 3 | $61.00 | - |
| Guest Room | 24 | $47.00 | - |
Property Taxes
| Parcel Number | 17.00057.00 | Improvements Assessment | $95,000 |
| Land Assessment | $585,000 | Total Assessment | $680,000 |
Property Taxes
Parcel Number
17.00057.00
Land Assessment
$585,000
Improvements Assessment
$95,000
Total Assessment
$680,000
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