502 Nd-66Drayton, ND 58225

For Sale
$900,000

30-Room Hotel, Strong Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
93
This fee-simple, 30-key economy hotel in Drayton, North Dakota presents a compelling value-add investment opportunity. Located at 502 ND-66, Drayton, ND 58225, this single-story, interior corridor property boasts 9,750 square feet on a 1.5-acre lot with 42 parking spaces. Built in 1987 and renovated in 2022, the hotel offers significant in-place cash flow, providing immediate return on investment. The property is unencumbered by debt or management agreements, allowing for complete operational control and strategic repositioning. The asking price is $900,000, representing a price per square foot of $92.31. This represents a substantial discount compared to current replacement costs, offering immediate value. The property is zoned commercial and presents a unique opportunity for an investor to leverage existing cash flow while implementing strategies to further enhance revenue and profitability. The hotel's independent branding provides flexibility for future operational adjustments. This is an exceptional opportunity to acquire a well-located, cash-flowing hotel in a growing market.

Highlights

  • 30-key economy hotel in Drayton, ND.
  • Fee-simple ownership.
  • Single-story, interior corridor design.

Property Details for 502 Nd-66

Property type
Other hospitality properties, Motels
Square Feet
9,750 SF
Year Built/Renovated
1987/2022
Stories
1
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Drayton
County
Pembina
State
North Dakota
Latitude
48.570814794484
Longitude
-97.185169462741
502 Nd-66, Drayton, North Dakota

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502 Nd-66
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