For Sale
$3,499,000

5020 14Th St Des Moines, IA 50313

62-Key Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
132
This 62-key Red Roof Inn in Des Moines, Iowa presents a compelling investment opportunity. Built in 2007, the hotel boasts 24,604 square feet of space situated on a 1.06-acre lot (46,174 sq ft). Located at 5020 NE 14th St, Des Moines, IA 50313, this two-story property benefits from a strong location within a thriving area, with a population exceeding 155,000 within a 5-mile radius. The asking price is $3,499,000, translating to an attractive price per key of $56,435. The property's modern design and lush surroundings create an inviting atmosphere for guests. This well-maintained hotel offers a solid foundation for continued success in the hospitality sector, making it an ideal acquisition for discerning investors seeking a profitable venture in a dynamic market. The property's size and location provide significant potential for growth and return on investment. Detailed financial information is available upon request.

Highlights

  • $3,499,000 asking price.
  • 62-key hotel.
  • 24,604 square feet.
  • Built in 2007.
  • Situated on a 1.06-acre lot (46,174 sq ft).
  • Located at 5020 NE 14th St, Des Moines, IA 50313.

Property Details for 5020 14Th St

Property type
Hospitality properties, Hotels
Square Feet
24,604 SF
Year Built
2007

Location Insight

City
Des Moines
County
Polk
State
Iowa
Latitude
41.651795
Longitude
-93.6012885

FAQs

What type of property is this?
Hospitality property - 62-Key Hotel, Prime Location
Where is the hospitality property located?
The property is located at 5020 14Th St Des Moines, IA.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: $3,499,000 asking price.; 62-key hotel.; 24,604 square feet.
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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5020 14Th St
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