Econo Lodge by Choice Hotels

920 14th Street SE Watertown, SD

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Sale Price: $2,400,000

Building Size: 19,976 sq. ft.

Total Available Space: 19,976 sq. ft.

Suite Size: 19,976 sq. ft.

Property Type: Hospitality

Year Built: 1981

Property Description

Property Features

  • 49 room hotel
  • Building size: 19,976 sq. ft. (two floors)
  • Lot size: 1.37 acres (60,012 sq. ft.)
  • Annual occupancy: 73.86%
  • ADR: $62.22
  • 2019 Revenue: $885,000
  • PIP List: Nothing pending
  • Year built: 1981
  • Ample surface parking available
  • All showings must be set up by broker

Pricing

  • Price: $2,400,000
  • $48,979/per key
  • Price includes FF&E
  • 2019 Real Estate Taxes: $15,987
  • Financials available upon request

Location

  • Located just south of 9th Street SE
  • Area neighbors include: Hy-Vee, Menards, Target, Wal-Mart, Applebee’s, Buffalo Wild Wings, Culver’s, Runnings

Brokers

Dale Zomer

Senior Vice President

Office Phone: (605) 444-7117

Dale Zomer joined NAI Sioux Falls in May of 2016.  Dale brings 25 years experience of representing clients in the sale or purchase of income-producing properties.

View Dale's Profile