4353 Canal PlRochester, MN 55904

Property Details for 4353 Canal Pl

Year built

2013

Lot size

1.42 AC

Property size (Sq ft)

50,411 SF

Property type

Hotels

APN

64.26.14.080634

APU

642614080634

Description

This exceptional 83-room La Quinta Inn & Suites hotel presents a lucrative investment opportunity in Rochester, Minnesota. Located at 4353 Canal Pl SE, 55904, this four-story, 61,922-square-foot property boasts a prime location in Olmsted County. Built in 2014, the hotel features a full-size swimming pool and sits on a substantial 61,922-square-foot lot. The asking price is $5,995,000, representing a compelling return on investment. The property is currently configured as an owner/user investment, offering significant potential for both immediate income generation and long-term appreciation. With an occupancy date of November 15, 2024, this hotel is poised to capitalize on the thriving hospitality market in Rochester. The property's size and amenities make it an attractive option for both seasoned investors and those seeking a high-yield, hands-on investment. Its strategic location in the southeastern part of Rochester ensures easy access to major transportation routes and local attractions. This is a rare opportunity to acquire a well-established, high-performing hotel in a dynamic and growing market. The substantial lot size also offers potential for future expansion or development. This turnkey operation is ready for a new owner to step in and continue its success.

• CAP approach

  CAP return

  Valuation

  6%

  $9,425,379

  6.5%

  $8,700,350

  7%

  $8,078,896

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,046,497

  Geo Method

  $6,046,497

• Alternative Use

  Use

  Valuation

  Residential

  $9,498,254

  Hospitality

  $8,700,350

  Educational

  $7,238,589

  Medical

  $7,487,535

  Retail

  $11,260,027

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

43.9602

Longitude

-92.4629

CBSA code

40340

CBSA name

ROCHESTER, MN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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