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53 Room Motel with Restaurant Manitowoc 908 Washington St 53 Room Hotel Manitowoc, WI 54220 $1,850,000 ($34,906/Room)
INVESTMENT HIGHLIGHTS
- Motel with Restaurant Property Downtown Manitowoc Business District
- Restaurant Portion is 2,940 sq ft with full commercial kitchen & full basement
- Zoned C-1 Commercial with City of Manitowoc
- 53 Room Motel = 35,376 sq ft on 2 levels with basement
- Combined 46,000 sq ft asphalt parking lot with 73 parking spaces
EXECUTIVE SUMMARY
Motel with Restaurant Property in Downtown Manitowoc
53 Room Motel 35,376 sq ft on 3 levels
Restaurant is 2,940 sq ft with commercial kitchen & full basement
Zoning C-1 City of Manitowoc
Negotiable
53 Room Motel 35,376 sq ft on 3 levels
Restaurant is 2,940 sq ft with commercial kitchen & full basement
Zoning C-1 City of Manitowoc
Negotiable
PROPERTY FACTS Under Contract
| Price | $1,850,000 | Building Size | 35,376 SF |
| Price Per Room | $34,906 | No. Rooms | 53 |
| Sale Type | Investment | No. Stories | 3 |
| Sale Condition | REO Sale | Year Built/Renovated | 1962/2009 |
| Property Type | Hospitality | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.81 AC |
| Price | $1,850,000 |
| Price Per Room | $34,906 |
| Sale Type | Investment |
| Sale Condition | REO Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 35,376 SF |
| No. Rooms | 53 |
| No. Stories | 3 |
| Year Built/Renovated | 1962/2009 |
| Parking Ratio | 1.32/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
AMENITIES
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $116.00 | - |
| Guest Room | 51 | $70.00 | - |
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Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 052-000-240-010.00 | Improvements Assessment | $1,243,900 |
| Land Assessment | $155,300 | Total Assessment | $1,399,200 |
PROPERTY TAXES
Parcel Number
052-000-240-010.00
Land Assessment
$155,300
Improvements Assessment
$1,243,900
Total Assessment
$1,399,200
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53 Room Motel with Restaurant Manitowoc | 908 Washington St
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