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
4585 S Harding St
Indianapolis, IN 46217
Indianapolis South Inn · Hospitality Property For Sale · 36,000 SF
Investment Highlights
- Priced Significantly Below Replacement Cost at $36,042 per Key
- Located 10 Miles from Indianapolis International Airport
- 160 Percent RevPAR Index Compared to the Competitive Set
- 72-Room, Exterior Corridor, Economy Hotel
- Absentee Owner
- Operational Upside for Prospective Hands-On Owner-Operator Investor
PROPERTY FACTS
Amenities
- High Speed Internet Access
- Public Access Wifi
About 4585 S Harding St , Indianapolis, IN 46217
Property Overview: The Motel 6 Indianapolis - South is a 74-room, two-story, exterior corridor hotel built in 1984. Well-equipped with numerous common area and guest room amenities, this limited-service economy hotel offers spacious guest rooms that come furnished with flat-screen televisions and complimentary Wi-Fi. Additionally, a few common area amenities the hotel has to offer includes vending machines and self-service laundry facilities. Location Overview: Indianapolis, Indiana is a city located in Marion County in the central region of the state, six miles from downtown Indianapolis. The Motel 6 Indianapolis - South is superbly positioned on South Harding Street, right off Loop 465. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include health care, retail trade, and manufacturing. IU School of Medicine (6.6 miles) and IU Health University Hospital (6.6 miles), two of the city’s largest employers, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include St. Vincent’s Hospital (17.2 miles) and Roche Diagnostics Corporation (22.7 miles). Revenue generators in the area, like Indianapolis Zoo (5.6 miles) and Indianapolis Motor Speedway (8.9 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Indianapolis International Airport (10.5 miles) and Newfield’s Art Museum (10.5 miles). Broker of Record Josh Caruana License: IN BR14034355
Links
zoning
Zoning Code | ZO01 |
ZO01 |
Learn More About Investing in Hospitality Properties
Listing ID: 18907229
Date on Market: 3/18/2020
Last Updated:
Address: 4585 S Harding St, Indianapolis, IN 46217
The Hospitality Property at 4585 S Harding St, Indianapolis, IN 46217 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.