740 Iowa St | Lawrence, KS 66044
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- LoopNet Team
740 Iowa St
Lawrence, KS 66044
Baymont by Wyndham Lawrence · Hospitality Property For Sale
·
32,283 SF
INVESTMENT HIGHLIGHTS
- Priced at $62.7K per key, well below replacement cost with $334K NOI at a 8% cap rate
- Upside potential as RevPAR Index is 90% of the comp set
- Strong demand generators: university, healthcare, and industrial employers
- $190K in recent renovations including rooms and amenities
- Prime location near Kansas City Metro at University of Kansas-Lawrence Campus
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1997/2017 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.12 AC | Parking Ratio | 2.17/1,000 SF |
| Building Size | 32,283 SF | Corridor | Interior |
| Zoning | C-5 - Commercial-Hotel | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.12 AC |
| Building Size | 32,283 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1997/2017 |
| Tenancy | Single |
| Parking Ratio | 2.17/1,000 SF |
| Corridor | Interior |
| Zoning | C-5 - Commercial-Hotel |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 023-067-36-0-20-07-004.01-0 | Improvements Assessment | $354,383 |
| Land Assessment | $138,548 | Total Assessment | $492,931 |
PROPERTY TAXES
Parcel Number
023-067-36-0-20-07-004.01-0
Land Assessment
$138,548
Improvements Assessment
$354,383
Total Assessment
$492,931
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