Red Roof Inn Springfield | 3125 N Kentwood Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Red Roof Inn Springfield 3125 N Kentwood Ave
53 Room Hotel Springfield, MO 65803 $3,300,000 ($62,264/Room)
Investment Highlights
- 53 Room, 2 Story, Interior Corridor Hotel, Direct Access to Interstate 44
- Perfect for Owner Operator, Currently the Owner is Absentee
- Excellent Location a Few Miles from 3 Universities, Springfield Expo Center, Ozark Empire Fairgrounds & Events Center, & Springfield Branson Airport
- 2023 Room Revenue: $887,645
- Property is Up-to-date on Owner's PIP Requirements with Numerous Upgrades Completed Recently
- The Population in Springfield is 169,176 According to 2020 Census, Growing 3% Over the Past 3 Years - The Largest of Any Metro Area in Missouri
Executive Summary
The Red Roof Inn is a 53-unit, two-story hotel with interior corridors, situated in Greene County, Springfield, Missouri. Located just a few miles from Missouri State University and Springfield Branson National Airport, the hotel is a perfect opportunity for an owner operator. Built in 1997 and recently updated, it boasts a modern design and offers competitive pricing for investors.
Springfield is experiencing growth and is the largest metro area in Missouri, attracting developers in housing, commercial, and industrial sectors. The city has a wide range of demand generators, including three major universities, science museums, a fairgrounds and events center, parks, and remarkable caverns. The hotel is conveniently located near numerous corporations that provide year-round job opportunities.
Revenues have been steady despite absentee ownership, with potential for further upside with an on-site manager. There is an ability to convert 1 or 2 rooms to be a manager's apartment onsite as well.
The Owner has completed numerous upgrades to the property, including the replacement of curtains, beds, locks, and TVs within the last 3 years with nothing currently required of him to renovate. The Seller anticipates a minimal PIP for the next owner. The hotel is in excellent condition.
Springfield is experiencing growth and is the largest metro area in Missouri, attracting developers in housing, commercial, and industrial sectors. The city has a wide range of demand generators, including three major universities, science museums, a fairgrounds and events center, parks, and remarkable caverns. The hotel is conveniently located near numerous corporations that provide year-round job opportunities.
Revenues have been steady despite absentee ownership, with potential for further upside with an on-site manager. There is an ability to convert 1 or 2 rooms to be a manager's apartment onsite as well.
The Owner has completed numerous upgrades to the property, including the replacement of curtains, beds, locks, and TVs within the last 3 years with nothing currently required of him to renovate. The Seller anticipates a minimal PIP for the next owner. The hotel is in excellent condition.
Property Facts
| Price | $3,300,000 | No. Rooms | 53 |
| Price Per Room | $62,264 | No. Stories | 2 |
| Sale Type | Investment | Year Built/Renovated | 1997/2018 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.75/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 1.35 AC | Opportunity Zone |
Yes
|
| Building Size | 18,184 SF |
| Price | $3,300,000 |
| Price Per Room | $62,264 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 18,184 SF |
| No. Rooms | 53 |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2018 |
| Tenancy | Single |
| Parking Ratio | 2.75/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 53 | $75.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Number | 12-06-108-043 | Improvements Assessment | $331,520 |
| Land Assessment | $65,410 | Total Assessment | $396,930 |
PROPERTY TAXES
Parcel Number
12-06-108-043
Land Assessment
$65,410
Improvements Assessment
$331,520
Total Assessment
$396,930
zoning
| Zoning Code | INC (Planned Development) |
| INC (Planned Development) |
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Red Roof Inn Springfield | 3125 N Kentwood Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.