1700 Cherokee AveSallisaw, OK 74955

For Sale
$925,000
33-key hotel, renovated, great ROI

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 33-key hotel, the Blue Jay Inn and Suites, presents a compelling investment opportunity in Sallisaw, Oklahoma. Boasting 13,800 square feet on a 0.93-acre lot, this two-story property, built in 1987 (APN: 0000-06-011-024-0-079-00), features exterior corridors and has recently undergone a complete renovation. Strategically located just off Interstate 40, it benefits from high visibility and easy access. The asking price is $925,000, translating to $67.03 per square foot and $28,030 per key. The property includes a sizable on-site manager's quarters. Its location in Sallisaw offers proximity to a thriving economy and a welcoming community, while also being less than 1.5 hours from Tulsa. The Blue Jay Inn and Suites presents significant potential for an owner-operator, with branding opportunities and the possibility of conversion to other uses. This is a rare chance to acquire a fully renovated, well-positioned hotel in a growing market. The property's address is 1700 W Cherokee Ave, Sallisaw, OK 74955.

Highlights

  • 33-unit, two-story hotel with exterior corridors.
  • Asking price: $925,000 ($28,030 per key, $67.03 per square foot).
  • Independent hotel with branding opportunities.
  • Ideal for owner-operator.
  • Located less than 1.5 hours from Tulsa.
  • Features a sizable on-site manager's quarters.

Property Details for 1700 Cherokee Ave

Property type
Hospitality properties, Motels
Square Feet
13,800 SF
Year Built
1987
Stories
2
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Sallisaw
County
Sequoyah
State
Oklahoma
Latitude
35.460387495352
Longitude
-94.809014200736
1700 Cherokee Ave, Sallisaw, Oklahoma

FAQs

What type of property is this?
Hospitality property - 33-key hotel, renovated, great ROI
Where is the hospitality property located?
The property is located at 1700 Cherokee Ave Sallisaw, OK.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 33-unit, two-story hotel with exterior corridors.; Asking price: $925,000 ($28,030 per key, $67.03 per square foot).; Independent hotel with branding opportunities.
How can I contact the broker?
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1700 Cherokee Ave
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