1650 32Nd StMuskogee, OK 74401

Property Details for 1650 32Nd St

Year built

2009

Lot size

1.75 AC

Property size (Sq ft)

50,748 SF

Zone code

EF

Property type

Hotels

APN

3040-21-000-024-1-144-02

APU

304021000024114402

Description

This 85-key Fairfield Inn & Suites, built in 2009, presents a compelling investment opportunity in Muskogee, Oklahoma. Located at 1650 N 32nd St, Muskogee, OK 74401, this four-story interior corridor hotel boasts convenient access to US Routes 62 and 64, placing it near restaurants and major transportation arteries. The property includes valuable amenities such as meeting space, a business center, an indoor pool, and a fitness center, catering to a broad range of guests. The hotel benefits from its established presence as a Marriott brand, offering stability and brand recognition within the market. Currently operating with a 78.3% RevPar index, this property presents a clear opportunity to increase occupancy and average daily rate (ADR), maximizing revenue potential. The hotel's absentee ownership structure provides a streamlined investment experience. Muskogee's strategic location in eastern Oklahoma, near three major rivers and 50 miles southeast of Tulsa, positions it as a regional center for trade and transportation, contributing to the hotel's consistent demand. The city's rich history as a railroad hub and its picturesque setting within Oklahoma's "Green Country" further enhance its appeal. This is a rare chance to acquire a well-established, profitable hotel with significant upside potential in a thriving regional market. The asking price is $6,800,000. The seller is motivated.

• CAP approach

  CAP return

  Valuation

  6%

  $5,024,696

  6.5%

  $4,638,180

  7%

  $4,306,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,530,510

  Geo Method

  $8,530,510

• Alternative Use

  Use

  Valuation

  Residential

  $5,063,546

  Hospitality

  $4,638,180

  Educational

  $3,858,912

  Medical

  $3,991,626

  Retail

  $6,002,752

Location Insight

City

Muskogee

County

Muskogee

State

Oklahoma

Latitude

35.7656

Longitude

-95.401

CBSA code

34780

CBSA name

MUSKOGEE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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