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This Hospitality Property is no longer advertised on LoopNet.ca.

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
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

PROPERTY TAXES

Parcel Number
110-06475404000
Land Assessment
$374,020
Improvements Assessment
$1,901,388
Total Assessment
$2,275,408

zoning

Zoning Code C-2 (Hotel)
C-2 (Hotel)
  • Listing ID: 32503505

  • Date on Market: 2024-07-18

  • Last Updated:

  • Address: 4950 E 14th St, Des Moines, IA 50313

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