For Sale
$6,800,000
2645 Charlevoix Ave Petoskey, MI 49770
Prime Petoskey Hotel, High NOI, Strong ROI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- $6,800,000 asking price for the AmericInn Petoskey, a 58-key hotel.
- 11.76% cap rate and $800,000 NOI (as of 12/31/2023).
- Excellent condition, features include indoor pool, spa, breakfast area, business center, and meeting room.
- Prime location on US-31, near upscale Bay Harbor development, and major roadways; one mile from downtown Petoskey.
- Strong tourist destination with nearby attractions including Northwest Michigan Hospital, Northern Michigan College, and Odawa Casino.
Property Details for 2645 Charlevoix Ave
- Property type
- Hospitality properties, Hotels
- Buildings
- 1
- Stories
- 2
Location Insight
- City
- Petoskey
- County
- Emmet
- State
- Michigan
- Latitude
- 45.367048670903
- Longitude
- -84.994346874552
Nearby Similar for Sale
FAQs
- What type of property is this?
- Hospitality property - Prime Petoskey Hotel, High NOI, Strong ROI
- Where is the hospitality property located?
- The property is located at 2645 Charlevoix Ave Petoskey, MI.
- What is the asking price?
- The asking price for this property is $6,800,000.
- What are key features of this property?
- This property features: $6,800,000 asking price for the AmericInn Petoskey, a 58-key hotel.; 11.76% cap rate and $800,000 NOI (as of 12/31/2023).; Excellent condition, features include indoor pool, spa, breakfast area, business center, and meeting room.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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