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Riverfront Studio Suites 1708 N Riverfront Dr

39 Room Hotel Mankato, MN 56001 £3,521,025 (£90,283/Room) 6.78% Net Initial Yield

Property Facts

Price £3,521,025 Building Size 13,420 SF
Price Per Room £90,283 No. Rooms 39
Sale Type Investment Number of Floors 1
Net Initial Yield 6.78% Year Built/Renovated 1954/2004
Property Type Hospitality Parking Ratio 2.91/1,000 SF
Property Subtype Hotel Corridor Interior
Building Class C Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 0.82 AC
Price £3,521,025
Price Per Room £90,283
Sale Type Investment
Net Initial Yield 6.78%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.82 AC
Building Size 13,420 SF
No. Rooms 39
Number of Floors 1
Year Built/Renovated 1954/2004
Parking Ratio 2.91/1,000 SF
Corridor Interior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 39 £75.90 -
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PROPERTY TAXES

Parcel Number R01-09-05-351-041 Improvements Assessment £392,007
Land Assessment £68,856 Total Assessment £460,863

PROPERTY TAXES

Parcel Number
R01-09-05-351-041
Land Assessment
£68,856
Improvements Assessment
£392,007
Total Assessment
£460,863

zoning

Zoning Code B-2 (Commercial)
B-2 (Commercial)
  • Kevin Goettl
    Kevin Goettl
  • Kevin Goettl
(651) 500-4720

  • Listing ID: 30572413

  • Date on Market: 08/01/2024

  • Last Updated:

  • Address: 1708 N Riverfront Dr, Mankato, MN 56001

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© 2024 CoStar Group

Riverfront Studio Suites | 1708 N Riverfront Dr
(651) 500-4720 x

Riverfront Studio Suites | 1708 N Riverfront Dr

Kevin Goettl

(651) 500-4720

(651) 500-4720

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