Red Roof Inn

1208 E. Cherry Street Vermillion, SD

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Sale Price: $1,595,000

Building Size: 19,900 sq. ft.

Total Available Space: 19,900 sq. ft.

Property Type: Business Opportunity | Hospitality

Year Built: 1977

Property Description

Property Features

  • 39-room hotel
  • 5 extended stay rentals
  • Manager’s quarters - 2 bed/ 1 bath
  • Building size: 19,900 sq. ft.
  • Lot size: 1.3 acres
  • 52.43% annual occupancy
  • ADR: $73.03
  • Year built: 1977, 1990 - renovated 2016
  • Surface parking
  • Flag renews in 11 years with $10,000 transfer PIP
  • All showings must be set up by broker

Pricing

  • List price: $1,595,000 ($40,897.43/ key)
  • Price includes FF&E
  • 2019 Real Estate Taxes: $15,878
  • 2019 Room Revenue: $574,761
  • Financials available upon request

Location

  • Located on Highway 50/ E. Cherry Street
  • Area neighbors include: Casey’s General Store, First Dakota National Bank, Subway, Dairy Queen
  • Located 1/2 mile east of the University of SD campus

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