4016 Price RdBartlesville, OK 74006

Property Details for 4016 Price Rd

Year built

2008

Lot size

1.64 AC

Property size (Sq ft)

51,836 SF

Property type

Commercial real estate

APN

010501-000006-000000-01

APU

1050100000600000001

Description

This exceptional 90-key Holiday Inn Express & Suites in Bartlesville, Oklahoma, presents a lucrative investment opportunity. The four-story, 51,653-square-foot hotel, situated on a 2.26-acre lot (APN: 01050100000600000001), boasts a prime location directly off Highway 75, offering convenient access and high visibility. Built in 2008 and extensively renovated in 2022, including a complete Formula Blue 2.0 PIP in 2023, this property is in excellent condition. The hotel features an array of amenities including a complimentary breakfast, indoor pool, fitness center, and business center. Its strategic location provides proximity to key attractions such as the Osage Casino, Oklahoma Wesleyan University, Historic Price Tower, Phillips Petroleum Museum (Phillips 66), and Woolaroc Ranch, further enhancing its appeal to a wide range of guests. The property is also within 30 miles of Tulsa International Airport, attracting both business and leisure travelers. This hotel is priced at 3.7x RRM and presents significant upside potential for an owner-operator. No new hotels are currently under development in the immediate area, ensuring continued market dominance. The asking price for this exceptional property is $6,800,000.

• Alternative Use

  Use

  Valuation

  Residential

  $5,172,104

  Hospitality

  $4,737,620

  Educational

  $3,941,644

  Medical

  $4,077,203

  Retail

  $6,131,446

Location Insight

City

Bartlesville

County

Washington

State

Oklahoma

Latitude

36.714

Longitude

-95.9322

CBSA code

12780

CBSA name

BARTLESVILLE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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