Budget Inn & Suites


Price:
$800,000

Address :
1521 S G Ave
Nevada, IA 50201


  •  Excellent location just off US 30
  •  Close to Ames, home to Iowa State University, with no competition in Nevada
  •  Ability to increase revenue with franchise affili-ation
  •  Opportunity for hands-on owner/operator with on-site living quarters
  •  Offered at discount to replacement cost
  •  SBA financing candidate
    View Map    View Aerial
  •  The City of Nevada is the county seat for Story County.
  •  Nevada is part of the Ames, IA MSA, which is home to 125,252 people as of the 2020 Census.
  •  Iowa State University in Ames enrolls over 30,000 students. It also drives the economic, cultural and athletic attractions in the region.
  •  Close to Regional Demand Generators:
    •  Across the street from the Story County Medical Center, a Critical Access Hospital
    •  Briggs Terrace/Evergreen Lane House & George Child Log House
    •  Jack Trice Stadium & James H. Hilton Coliseum
    •  Reiman Gardens
  •  2 Stories, Interior Corridor
  •  Wood Frame Construction
  •  Metal Siding
  •  Pitched Roof with Asphalt Shingles (NEW in 2018)
  •  Concrete Parking Lot
  •  Wireless Internet
  •  Grab ‘n Go Breakfast
  •  Meeting Space (20’ x 60’)
  •  Guest Laundry
  •  1-Bedroom Living Quarters with Full Kitchen
  •  Built in 1997
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2018
2019
2020
T-12Mos 9/21
Occupancy
37.3%
Average Daily Rate
$61.63
Room Revenue
$197,571
$135,490
$87,500
$167,378
Net Operating Income
$94,627
$34,914
$8,575
$104,507
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!