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    Newberry, IN
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    Newberry, IN Hotels for Sale

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    Elnora, IN Bloomfield, IN Linton, IN Springville, IN Carlisle, IN Worthington, IN Loogootee, IN Freelandville, IN
    Modern Limited-Service Hotel
    Updated: Mar 9, 2025
    Modern Limited-Service Hotel

    7834 Progress Way, Newberry, IN 47449

    $6,500,000
    6.10 AC lot
    72‑room hotel opened new in late 2019, including 29 Main Stay Suites and 43 Sleep Inn rooms
    Multi‑unit central air cooling and rubber roof
    Flooring includes vinyl, carpet, and ceramic tile
    Location near interstate 69 and the Crane Naval Base/Crane West Gate
    Overflow noted from events at Indiana University in Bloomington (current ownership)
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    Modern Hotel Near Crane Base
    Updated: Apr 30, 2025
    Modern Hotel Near Crane Base

    7834 Progress Way, Newberry, IN 47449

    $6,500,000
    6.10 AC lot
    Modern hotel built in late 2019
    72 rooms: 29 Main Stay Suites & 43 Sleep Inn
    Strategic location near Interstate 69 and the expanding Crane Naval Base/Crane West Gate
    No other modern mid‑market hotels within 30 minutes
    Serves Crane Naval Base and the communities of Bloomfield, Loogootee, and Linton
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Newberry, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Limited-Service Hotel with Meeting Space
    Limited-Service Hotel with Meeting Space

    75 INDIANA ST, Jasper, IN 47546

    $2,100,000
    19,535 sqft 1.14 AC lot

    For sale Super 8 by Wyndham in Jasper featuring 56 keys, an outdoor pool, and 400 sq ft of meeting/event space.

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    Hotel with Indoor Swimming Pool
    Hotel with Indoor Swimming Pool

    9530 W State Rd 56, French Lick, IN 47432

    $4,600,000
    2.91 AC lot

    80-room Comfort Suites hotel with a recently completed major property improvement program and new roof and gutters.

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    Hotel with Indoor Pool
    Hotel with Indoor Pool

    9530 W State Road 56 Highway, French Lick, IN 47432

    $4,600,000
    2.91 AC lot

    Comfort Suites for sale featuring 80 rooms, an indoor swimming pool, and on-site dining and meeting space.

    View details
    Hospitality
    Hospitality

    951 Wernsing Rd, Jasper, IN 47546

    Contact for pricing

    Hotels

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Development Land Off-Ramp
    Commercial Development Land Off-Ramp

    Lot 6 Gateway Crossing, Washington, IN 47501

    $354,900
    1.82 AC lot

    Highly visible commercial land parcel with utilities in place near a major interstate interchange.

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    Commercial Development Land Off-Ramp
    Commercial Development Land Off-Ramp

    Lot 6 Gateway Crossing, Washington, IN 47501

    $354,900
    1.82 AC lot

    Commercial land parcel well-suited for hospitality and restaurant concepts with utilities available on-site.

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    High-Visibility Commercial Development Land
    High-Visibility Commercial Development Land

    Lot 7 Gateway Crossing, Washington, IN 47501

    $324,480
    1.66 AC lot

    1.664-acre parcel off the I-69 ramp with utilities available, well suited for select hospitality and dining uses.

    View details
    Highly Visible Commercial Land
    Highly Visible Commercial Land

    Lot 7 Gateway Crossing, Washington, IN 47501

    $324,480
    1.66 AC lot

    Gateway Crossing parcel with utilities in place, positioned for hotel and franchised restaurant concepts near a major interstate ramp.

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    Off-Market Properties in Newberry, IN

    Consider similar Off-Market properties in Newberry, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    7834 Progress Way
    HOTEL/MOTEL

    7834 Progress Way, Newberry, IN 47449-7131

    $970,000
    Estimated value
    42,396 sqft 6.10 AC lot
    View details

    Newberry, IN Hotels Market Trends and Statistics

    Explore 3 hotels for sale in Newberry, IN on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $13,000,000.

    Sale prices for resorts in Newberry, IN start at $6,500,000, averaging $6,500,000, and reaching up to $6,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 2

    Demographics Overview

    Population 407
    Population Growth (5Y) +29.2%
    Median Household Income $53,583
    College Educated 6.8%

    High-Yield Neighborhoods for Investment

    Identify Newberry submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47449 $6.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.23%
    Property Tax per SF $27.84 per SF
    Tax Rate vs County Average 0.89 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Greene County

    New Delisted

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