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Studio Inn Extended Stay Oklahoma City 4601 SW 3rd St

74 Room Hotel Oklahoma City, OK 73128 $2,650,000 ($35,811/Room)

Investment Highlights

  • $1M Renovation (to be completed prior to sale)
  • Includes two large living quarters not included in room count
  • Extended Stay with Kitchenettes
  • Interstate visibility, I-40
  • Price Reduction of $300K
  • Rebranding | Adaptive Re-Use Opportunity

Executive Summary

• Price Reduction of $300K

• Extended Stay with Kitchenettes

• Rebranding | Adaptive Re-Use Opportunity

Recently price reduced, the Studio Inn OKC Airport is a 78-room, 2-story exterior corridor hotel with excellent Interstate visibility on I-40 and close proximity to Will Rogers World Airport. The hotel recently underwent an exterior renovation including a new roof, siding, paint and signage. The interior extended stay conversion was completed in approximately 2020.
The hotel contains 78 modern guest rooms, of which 75 are rentable and 3 are used for storage. The rooms have kitchenettes, free Wi-Fi and flat screen TVs. The hotel also includes two large living quarters, not included in room count. The hotel amenities include truck parking, guest coin laundry, vending machines and free morning coffee.

Out of state, absentee owner. The potential for a highly motivated, experienced owner operator is excellent. Call broker for additional pricing guidance. ALL SERIOUS OFFERS WILL BE ENTERTAINED.

Click button below to sign CA and obtain OM and financials. Contact Peter Holmes for tours and inquiries. Do not contact the hotel directly or visit without an appointment.

Property Facts

Price $2,650,000
Price Per Room $35,811
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.29 AC
Building Size 35,510 SF
No. Rooms 74
No. Stories 2
Year Built/Renovated 1982/2015
Parking Ratio 4.51/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 74 $43.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 146911010
  • 146911030
Land Assessment
$27,358
Improvements Assessment
$273,268
Total Assessment
$300,626

zoning

Zoning Code I-1 (Light Industrial)
I-1 (Light Industrial)
  • Listing ID: 29180570

  • Date on Market: 8/3/2023

  • Last Updated:

  • Address: 4601 SW 3rd St, Oklahoma City, OK 73128

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