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OYO Hotel M Morgantown - WVU Area 1400 Saratoga Ave

70 Room Hotel Star City, WV 26505 $4,080,822 CAD ($58,297 CAD/Room) 15.00% Cap Rate

Investment Highlights

  • Next to WVU
  • Turn Key - Red Roof Inn - 2 Buildings with 35 rooms each (12 Extended Stay rooms)

Executive Summary

Property Listing Title: 70 room Red Roof Inn for Sale or Lease next to WVU, the most vibrant town in the entire state of West Virginia.
Location, Location, Location: 1400 Saratoga Ave, Morgantown, WV 26505
Property Type: Exterior Corridor 70 room Red Roof Inn - Two bildings with 35 rooms each
Listing Price: $2,900,000
Projected Revenue - $1,000,000
Projected ROI - 30%
Property Description: This offering includes 70 guest rooms in two exterior corridor buildings.
Key Features: Property Size: over an Acre, two buildigs 35 guest rooms in each building.
Ideal for owner / Operator
Contact Information: Himan
urdba@yahoo.com 7328001242

Property Facts

Price $4,080,822 CAD
Price Per Room $58,297 CAD
Sale Type Investment
Cap Rate 15.00%
Sale Conditions Build to Suit
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 4.52 AC
Building Size 70,000 SF
No. Rooms 70
No. Stories 3
Year Built 1965
Parking Ratio 1.53/1,000 SF
Corridor Exterior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • On-Site Bar
  • Bed & Breakfast
  • Meeting Event Space
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 70 $92.87 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
17-5-00910000
Land Assessment
$174,998 CAD
Improvements Assessment
$2,675,928 CAD
Total Assessment
$2,850,927 CAD

zoning

Zoning Code CR (Concentrated Residential)
CR (Concentrated Residential)
  • Listing ID: 31524242

  • Date on Market: 2024-04-16

  • Last Updated:

  • Address: 1400 Saratoga Ave, Star City, WV 26505

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