419 George Nigh ExpyMcAlester, OK 74501

For Sale
$3,200,000
135-key hotel, prime location, high potential

Overview

Added:
Dec 11, 2024
Days on market:
126
Exceptional investment opportunity: The HiWay Inn & Suites, a 135-key hotel in McAlester, Oklahoma, is offered at $3,200,000. This 61,470 square foot property, built in 1994, sits on a 4.75-acre lot and boasts a prime location along a major retail corridor with approximately 485 feet of frontage on Hwy I-169. The property includes multiple hotel buildings and a free-standing Pizza Inn restaurant. Its strategic location across from Walmart and near the merging points of major highways (Hwy 75, Hwy 69, and I-40) presents significant advantages. The property's size and location make it ideal for various redevelopment options, including a truck stop, truck wash, truck repair shop, or apartment complex. Additional land is available for expansion west of the existing structures. This two-story hotel presents a unique opportunity in an Opportunity Zone. The asking price is $52.06 per square foot.

Highlights

  • $3,200,000 asking price for the HiWay Inn & Suites, a 135-room hotel in McAlester, Oklahoma.
  • 61,470 square foot hotel on a 4.75-acre lot, built in 1994.
  • Prime location on Hwy I-169 with 485 feet of frontage, across from Walmart and near major highways (Hwy 75, Hwy 69, and I-40).
  • Includes a free-standing Pizza Inn restaurant.
  • Significant redevelopment potential, including truck stop, truck wash, or apartments. Additional land available for expansion.
  • Located in an Opportunity Zone.

Property Details for 419 George Nigh Expy

Property type
Hospitality properties, Hotels
Square Feet
61,470 SF
Year Built
1994
Stories
2
Lot Size (sq. ft)
206,910 SF

Location Insight

City
McAlester
County
Pittsburg
State
Oklahoma
Latitude
34.9210285
Longitude
-95.7454102
419 George Nigh Expy, McAlester, Oklahoma

FAQs

What type of property is this?
Hospitality property - 135-key hotel, prime location, high potential
Where is the hospitality property located?
The property is located at 419 George Nigh Expy McAlester, OK.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: $3,200,000 asking price for the HiWay Inn & Suites, a 135-room hotel in McAlester, Oklahoma.; 61,470 square foot hotel on a 4.75-acre lot, built in 1994.; Prime location on Hwy I-169 with 485 feet of frontage, across from Walmart and near major highways (Hwy 75, Hwy 69, and I-40).
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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419 George Nigh Expy
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