Red Roof Inn-Vincennes
Red Roof Inn
1800 S. Old Decker Road Vincennes, IN 47591
Hospitality
Contact: Richard Clements |
Building/Unit Size: 25,080 SF |
Total Land Size: 5.131 AC |
Sale Price: $1,970,000 |
Commercial Sales & Leasing | Property Management
Red Roof Inn
1800 S. Old Decker Road Vincennes, IN 47591
Hospitality
Contact: Richard Clements |
Building/Unit Size: 25,080 SF |
Total Land Size: 5.131 AC |
Sale Price: $1,970,000 |
NOW AVAILABLE – 39-unit Red Roof Inn located in Historic Vincennes, Indiana. Take advantage of this opportunity to own a consistently profitable property, conveniently located within the heart of the Wabash Valley industrial corridor with over twelve major industrial facilities (refinery, power plants, manufacturing plants) located within thirty (30) miles. This has produced a large base of corporate contract customers – generating solid profits year in and year out.
This property has fully recovered from COVID lows, with REVPAR figures at or above historic highs (25% increase Y/Y from August 2020). Experiencing numerous 100% occupancy nights in August, September, and October of current year, leading to REVPAR numbers exceeding comparison set during large portions of the last three (3)months. Get in contact now and schedule your visit.
Property Description: Red Roof Inn-Vincennes is consist of two (2) buildings containing 39 air-conditioned rooms featuring refrigerators, microwaves, 37-inch flat-screen televisions with cable programming and complimentary wireless Internet access. Private bathrooms with shower/tub combinations feature complimentary toiletries and hair dryers. Conveniences include desks and coffee/tea makers, as well as phones with free local calls. Other property amenities include an indoor swimming pool, Breakfast Café and Business Center.
Location Description: Red Roof Inn-Vincennes is situated in the entertainment district of Vincennes, Indiana, within a 5-minute drive to Good Samaritan Health Pavilion, including Good Samaritan Hospital and Good Samaritan Accreditations. This motel is 2.2 mi (3.5 km) from Rogers Clark National Historical Park and 3.1 mi (5 km) from Vincennes University.
Vincennes, IN is the county seat of Knox County, and is located on the lower Wabash River in the southwest part of the state, nearly halfway between Evansville and Terre Haute.
Property Use Type: Investment, |
Property Status: Existing |
County: Knox |
Traffic Count: US-41: 16,079 VPD |
Parcel: 42-12-33-100-005.000-023; 42-12-33-102-009.000-023 |
Zoning: C-2 |
Total Number of Buildings: 2 |
Total Stories: 2 |
Year Built: 1984/1994 |
Roof Type: Gable |
Construction/Siding: Brick, |
Total Parking Spaces: Asphalt lot provides ample parking |
Parking Type: Surface |
Part of Planned Development: No |
Flood Plain: No |
Franchised Business: Yes |
Average Occupancy Rate: Running 3 mos: 77% / YTD August 2021: 57.3% |
Water Creation: Indoor Pool, |
Laundry: Laundromat Nearby |
Total Units: 39 |
Name Establishment: Red Roof Inn-Vincennes |
1800 South Old Decker Road, Vincennes, IN, USA