28500 Northwestern Hwy | Southfield, MI 48034
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28500 Northwestern Hwy
Southfield, MI 48034
ESA Northwestern Hwy Detroit MI · Hospitality Property For Sale · 32,429 SF
Investment Highlights
- Fee-simple interest in the corporate-owned and corporate-managed 135-room Extended Stay America (ESA) Detroit – Southfield – Northwestern Hwy.
- Ability to purchase any combination of the 20 assets, affording buyers the opportunity to capitalize on strong regional operating economies of scale.
- Offered unencumbered of brand, debt, and management - with a variety of alternative brand options available for conversion.
- Tours Available July 12. Available for individual sale as part of a larger 20-property portfolio in the July 26th and July 27th auction events.
- Strong in-place performance with trailing-24-month year-over-year average ADR gains of +10%.
- Product type with fully equipped kitchens is ideal for potential residential conversion or alternative use pending zoning and municipality approval.
PROPERTY FACTS
Sale Conditions | Auction Sale | No. Stories | 3 |
Property Type | Hospitality | Year Built/Renovated | 1999/2015 |
Property Subtype | Hotel | Tenancy | Single |
Building Class | C | Parking Ratio | 4.19/1,000 SF |
Lot Size | 3.07 AC | Corridor | Interior |
Building Size | 32,429 SF |
Sale Conditions | Auction Sale |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 3.07 AC |
Building Size | 32,429 SF |
No. Stories | 3 |
Year Built/Renovated | 1999/2015 |
Tenancy | Single |
Parking Ratio | 4.19/1,000 SF |
Corridor | Interior |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
Links
PROPERTY TAXES
Parcel Number | 24-17-101-014 | Improvements Assessment | $1,453,940 |
Land Assessment | $445,490 | Total Assessment | $1,899,430 |
PROPERTY TAXES
Parcel Number
24-17-101-014
Land Assessment
$445,490
Improvements Assessment
$1,453,940
Total Assessment
$1,899,430
zoning
Zoning Code | B-3 |
B-3 |
Learn More About Investing in Hospitality Properties
Listing ID: 28675931
Date on Market: 6/6/2023
Last Updated:
Address: 28500 Northwestern Hwy, Southfield, MI 48034
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