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Riverfront Studio Suites 1708 N Riverfront Dr

39 Room Hotel Mankato, MN 56001 $4,500,000 ($115,385/Room) 6.78% Cap Rate

Hotels Minnesota Mankato 1708 N Riverfront Dr, Mankato, MN 56001

Property Facts

Price $4,500,000 Building Size 13,420 SF
Price Per Room $115,385 No. Rooms 39
Sale Type Investment No. Stories 1
Cap Rate 6.78% Year Built/Renovated 1954/2004
Property Type Hospitality Parking Ratio 2.91/1,000 SF
Property Subtype Hotel Corridor Interior
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 0.82 AC
Price $4,500,000
Price Per Room $115,385
Sale Type Investment
Cap Rate 6.78%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.82 AC
Building Size 13,420 SF
No. Rooms 39
No. Stories 1
Year Built/Renovated 1954/2004
Parking Ratio 2.91/1,000 SF
Corridor Interior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 39 $97.00 -
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PROPERTY TAXES

Parcel Number R01-09-05-351-041 Improvements Assessment $501,000
Land Assessment $88,000 Total Assessment $589,000

PROPERTY TAXES

Parcel Number
R01-09-05-351-041
Land Assessment
$88,000
Improvements Assessment
$501,000
Total Assessment
$589,000

zoning

Zoning Code B-2 (Commercial)
B-2 (Commercial)
(651) 500-4720

Contact

  • Kevin Goettl
    Kevin Goettl
  • Kevin Goettl

  • Listing ID: 30572413

  • Date on Market: 1/8/2024

  • Last Updated:

  • Address: 1708 N Riverfront Dr, Mankato, MN 56001

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Riverfront Studio Suites | 1708 N Riverfront Dr
(651) 500-4720 x

Riverfront Studio Suites | 1708 N Riverfront Dr

Kevin Goettl

(651) 500-4720

(651) 500-4720

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