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14114 Highway 19
Lindsay, OK 73052
Best Western Lindsay Inn & Suites · Hospitality Property For Sale · 37,161 SF
Investment Highlights
- 3 Story Interior Corridor Best Western Built in 2015
- Within One Hour of Oklahoma City, Norman, Pauls Valley
- Priced at a 12.5% Cap Rate on T12 Revenue
- Ideal for On-Site or Third Party Management
- Currently Achieving 141% of Comp Set RevPAR Index
- Little or No PIP Expected for New Buyer
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2015 |
| Building Class | B | Parking Ratio | 2.23/1,000 SF |
| Lot Size | 3.99 AC | Corridor | Interior |
| Building Size | 37,161 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.99 AC |
| Building Size | 37,161 SF |
| No. Stories | 3 |
| Year Built | 2015 |
| Parking Ratio | 2.23/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
About 14114 Highway 19 , Lindsay, OK 73052
The Best Western Lindsay Oklahoma is a beautiful 3 story, interior corridor, mid-scale hotel constructed in 2015 and immaculately maintained since then. Currently achieving 141% of its RevPAR competitive set and with strong revenue performance, this is an ideal investment for either on-site or third party management/ownership. The Best Western Lindsay boasts a very attractive cap rate of 12.77% at full ask price which includes a 4% reserve fee in Trailing 12 month actuals. With this healthy cash flow and the economic strength of this market, the property shows a strong pro-forma with a 40% levered Internal Rate of Return. With little to no PIP expected from Best Western, this asset is priced to sell. Located within an hour of Oklahoma City (population 643k), Norman (122k), Pauls Valley, Chickasha, and Purcell Oklahoma, this hotel is ideally situated to entertain transient highway, local, or corporate guests on-site. Conveniently located at the intersection of Highway 19 and 4th Street, this property grants easy access to local destinations including Garvin, McClain, and Grady Counties’ major oil and gas industry locations. With spacious, updated accommodations and equipment able to service oil-stained clothing, this location is ideal for serving employees and visitors to these local businesses. BOR TIM STRANGE, CCIM, SIOR Newmark Grubb Levy Strange Beffort 204 North Robinson Avenue, Suite 700 Oklahoma City, Oklahoma 73102 OK: #070810
PROPERTY TAXES
| Parcel Number | 0430-00-003-007-0-001-00 | Improvements Assessment | $390,115 |
| Land Assessment | $47,796 | Total Assessment | $437,911 |
PROPERTY TAXES
zoning
| Zoning Code | CR (Commercial) |
| CR (Commercial) |
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