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4950 E 14th St
Des Moines, IA 50313
Quality Inn Des Moines · Hospitality Property For Sale · 28,065 SF
Investment Highlights
- 52-key Quality Inn, Recently Renovated
- Interior corridor Property with Elevator
- Built in 2000
- Prime location corner of Hwy 69 and I-80, first exit into Des Moines
- Des Moines population growing over $211, 000
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1999 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.19 AC | Parking Ratio | 2.28/1,000 SF |
| Building Size | 28,065 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.19 AC |
| Building Size | 28,065 SF |
| No. Stories | 3 |
| Year Built | 1999 |
| Tenancy | Single |
| Parking Ratio | 2.28/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
About 4950 E 14th St , Des Moines, IA 50313
INVESTMENT SUMMARY • Well-maintained property: Opened in 2000, the 52-key Quality Inn has benefited from ongoing capital improvements by the current owner, ensuring excellent condition. • Unencumbered management: The hotel presents compelling opportunities to improve market RevPAR penetration and increase NOI. • Strategic location: Directly located off busy, high-flow I-80, the hotel is the first highway exit as travelers enter Des Moines, Iowa. • Interior corridor hotel: The three-story property features an interior corridor layout, providing guests with added security and convenience. • Strong RevPAR growth: The Des Moines CBD/North hotel submarket has experienced an impressive 25.1% increase in twelve-month average RevPAR. • Thriving local economy: Top companies such as Wells Fargo, Fidelity & Guaranty Life, and Wellmark Blue Cross Blue Shield have headquarters in Des Moines, driving demand for accommodations. • Cultural events: Des Moines hosts numerous acclaimed events throughout the year, generating additional business for the property. • High traffic volume: The hotel's proximity to Interstate 80, with over 80,000 travelers per day, ensures consistent demand Please click here to get more information: https://www.reco.realestate/listing-detail/1147776584/4950_NE_14th_St-Des_Moines-IA
PROPERTY TAXES
| Parcel Number | 110-06475404000 | Improvements Assessment | $1,337,000 |
| Land Assessment | $263,000 | Total Assessment | $1,600,000 |
PROPERTY TAXES
zoning
| Zoning Code | C-2 (Hotel) |
| C-2 (Hotel) |
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