8405 102Nd StTulsa, OK 74133

For Sale
$7,600,000
92-key hotel, recently renovated

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 92-key Holiday Inn Express & Suites hotel in Tulsa, Oklahoma, presents a compelling value-add investment opportunity. Boasting a prime location in South Tulsa, near major highways (I-44, Route 66, US Highway 75), this four-story, 55,394 square foot hotel benefits from its proximity to numerous amenities. The property is conveniently situated near popular retail destinations including Costco, Target, Walmart, and Woodland Hills Mall, as well as a variety of restaurants such as Chick-fil-A, Chipotle, and several upscale steakhouses. Completed in April 2011, the hotel underwent a significant renovation in 2024, completing the Holiday Inn Express Formula Blue PIP, exceeding $1 million in improvements. This comprehensive renovation ensures full compliance with IHG standards, eliminating the need for immediate capital expenditures. The hotel caters to both business and leisure travelers, offering modern amenities such as a 24-hour fitness center, an indoor heated pool, complimentary hot breakfast, and flexible meeting space accommodating up to 100 people. Its strategic location near the Spirit Bank Event Center, Tulsa International Airport, and major medical facilities further enhances its appeal and ensures consistent occupancy. The 2.26-acre lot is zoned CS, and the property is offered fee simple. This turnkey operation is ready for immediate income generation in a thriving market. The property features one building on a 2.26-acre lot with a Tulsa County APN of 58287-83-25-67720.

Highlights

  • Recently completed Holiday Inn Express Formula Blue Property Improvement Plan (PIP).
  • Significant value-add opportunity from over $1 million in recent renovations.
  • Excellent location near major retailers and restaurants, including Costco, Target, Walmart, and numerous dining options, plus proximity to Woodland Hills Mall with high-end retail.

Property Details for 8405 102Nd St

Property type
Hospitality properties, Hotels
Square Feet
55,394 SF
Buildings
1
Stories
4
Lot Size (sq. ft)
98,446 SF

Location Insight

City
Tulsa
County
Tulsa
State
Oklahoma
Latitude
36.015445754297
Longitude
-95.883626425714
8405 102Nd St, Tulsa, Oklahoma

FAQs

What type of property is this?
Hospitality property - 92-key hotel, recently renovated
Where is the hospitality property located?
The property is located at 8405 102Nd St Tulsa, OK.
What is the asking price?
The asking price for this property is $7,600,000.
What are key features of this property?
This property features: Recently completed Holiday Inn Express Formula Blue Property Improvement Plan (PIP).; Significant value-add opportunity from over $1 million in recent renovations.; Excellent location near major retailers and restaurants, including Costco, Target, Walmart, and numerous dining options, plus proximity to Woodland Hills Mall with high-end retail.
How can I contact the broker?
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8405 102Nd St
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