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2555 N Freeway Dr
Cedar City, UT 84721

Travelodge Cedar City · Hospitality Property For Sale · 19,000 SF

Investment Highlights

  • Recently Renovated
  • Pool
  • Large Parking Lot

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.20 AC
Building Size 19,000 SF
No. Stories 1
Year Built/Renovated 1986/1996
Parking Ratio 5/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free

About 2555 N Freeway Dr , Cedar City, UT 84721

APEX Commercial Real Estate | KW South Valley Keller Williams is pleased to publicize the sale of the Travelodge Cedar City, a beautifully renovated 36 room exterior corridor motel directly off of exit 62 in Cedar City Utah The Travelodge Hotel is an economy hotel with 36 units, including a manager’sapartment, swimming pool, and laundry facilities. It is comprised of one, two storybuilding that forms an “L” shape running west (perpendicular) off of N. Freeway Drive (west frontage road running south along I-15), just south of the I-15 interchange #62. The project is constructed of brick and concrete with outside hallways and entrances most units include mini-fridges and microwaves. The current ownership has done great amount to upgrade the motel, but the renovations are only 70% complete. The rooms that have been completed currently have new interior and exterior paint, flooring, case goods, and light fixtures. The 30% that haven’t been completed need to have granite table, granite night stands, granite top tv stands, granite sink and flooring installed. All items for the renovation have been purchased. Along with the 0.58 acres that the hotel is situated on, there is a separate parcel of vacant land that is 0.72 acres for sale along with the hotel, that can be used to extend parking lot and or build additional rooms. For the 3D Tour Visit https://my.matterport.com/show/?m=amZz5mtREK7

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
B-0001-0031-0000
Land Assessment
$97,135
Improvements Assessment
$728,680
Total Assessment
$825,815

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 24824072

  • Date on Market: 1/12/2022

  • Last Updated:

  • Address: 2555 N Freeway Dr, Cedar City, UT 84721

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