This Hospitality Property is no longer advertised on LoopNet.com.
6990 E 21st St
Indianapolis, IN 46219
Value Add Opportunity - Indianapolis Hotel · Hospitality Property For Sale
·
108,000 SF
INVESTMENT HIGHLIGHTS
High Profile Interstate Location with Proximity to Downtown Indianapolis
Up-Branding or Alternative-Use Potential
Strong STR Comp. Set Performance Occupancy 75.4%, ADR 70.21, RevPAR $52.95
Mid-Rise Hotel Building with Commercial Space
Value-Add Opportunity / Priced to Sell
Enhance Performance via Restaurant Lease & Utilization of Banquet Space
PROPERTY FACTS
Property Type
Hospitality
Property Subtype
Hotel
Building Class
C
Lot Size
4.55 AC
Building Size
108,000 SF
No. Stories
6
Year Built/Renovated
1969/2000
Parking Ratio
4.87/1,000 SF
Corridor
Interior
AMENITIES
High Speed Internet Access
PROPERTY TAXES
Parcel Number
49-07-26-107-002.000-700
Improvements Assessment
$1,096,500
Land Assessment
$1,327,400
Total Assessment
$2,423,900