2745 Glenstone AveSpringfield, MO 65803

For Sale
$3,300,000
102-Unit Hotel, Prime Location, Reduced Price

Overview

Added:
Dec 11, 2024
Days on market:
125
This 102-key hotel, located at 2745 N Glenstone Ave, Springfield, MO 65803, presents a significant value-add opportunity. The property, boasting 41,760 square feet on a 2.48-acre lot (APN 12-06-401-126), is offered at a reduced price of $3,300,000, or $79.02 per square foot, representing a compelling $32,038 per key. Built in 1979, this three-story hotel features a mix of interior and exterior corridors, reflecting its HC permitted zoning. Its prime location in a high-traffic area places it minutes from major local attractions and nationally recognized corporate headquarters, offering convenient access to Springfield National Airport (only 10 miles away). The property's current operational status presents a chance for an investor to implement operational improvements and enhance its overall value. This represents a rare opportunity to acquire a well-situated hotel in a thriving Missouri market. The property's size and location make it an attractive investment for experienced hospitality operators seeking a value-add project with significant upside potential. The asking price reflects a substantial price reduction of $650,000, making this an even more compelling investment opportunity.

Highlights

  • Price reduced $650,000, now offered at $3,300,000.
  • Significant value-add opportunity for operational improvements.
  • 102-unit hotel, priced at $32,038 per key.
  • Excellent location near major attractions, corporate headquarters, and 10 miles from Springfield National Airport.
  • High-traffic location in Springfield, MO.
  • Features a mix of interior and exterior corridors.

Property Details for 2745 Glenstone Ave

Property type
Hospitality properties, Hotels
Square Feet
41,760 SF
Year Built
1979
Stories
3
Lot Size (sq. ft)
108,029 SF

Location Insight

City
Springfield
County
Greene
State
Missouri
Latitude
37.2471229
Longitude
-93.2620799
2745 Glenstone Ave, Springfield, Missouri

FAQs

What type of property is this?
Hospitality property - 102-Unit Hotel, Prime Location, Reduced Price
Where is the hospitality property located?
The property is located at 2745 Glenstone Ave Springfield, MO.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Price reduced $650,000, now offered at $3,300,000.; Significant value-add opportunity for operational improvements.; 102-unit hotel, priced at $32,038 per key.
How can I contact the broker?
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2745 Glenstone Ave
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