502 Nd-66Drayton, ND 58225

Property Details for 502 Nd-66

Year built

1987

Lot size

1.50 AC

Property size (Sq ft)

9,750 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This fee-simple, 30-key economy hotel in Drayton, North Dakota presents a compelling value-add investment opportunity. Located at 502 ND-66, Drayton, ND 58225, this single-story, interior corridor property boasts 9,750 square feet on a 1.5-acre lot with 42 parking spaces. Built in 1987 and renovated in 2022, the hotel offers significant in-place cash flow, providing immediate return on investment. The property is unencumbered by debt or management agreements, allowing for complete operational control and strategic repositioning. The asking price is $900,000, representing a price per square foot of $92.31. This represents a substantial discount compared to current replacement costs, offering immediate value. The property is zoned commercial and presents a unique opportunity for an investor to leverage existing cash flow while implementing strategies to further enhance revenue and profitability. The hotel's independent branding provides flexibility for future operational adjustments. This is an exceptional opportunity to acquire a well-located, cash-flowing hotel in a growing market.

Location Insight

City

Drayton

County

Pembina

State

North Dakota

Latitude

48.5708

Longitude

-97.1852

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