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4444 Czech Ln NE Cedar Rapids, IA 52402

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For Sale
$8,500,000

82-room hotel with strong revenue and high occupancy.

Building Details

Year built
2001

Source: Dale Zomer Agent Dale Zomer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Cedar Rapids Hotel For Sale

This commercial property, built in 2001, is a hotel located in Cedar Rapids, Iowa. The building has 58,688 square feet of space and contains 82 rooms. The property is situated on a 2.36-acre lot. The paved parking lot offers 82 spaces. The property is zoned for commercial use. The 2023 revenue was $2,653,000, with projected revenue for 2024 at $2,650,000. The 2023 real estate taxes totaled $159,155. The property has an ADR of $115.01 and a REV PAR of $96.32. The 2024 occupancy is projected at 81.71%.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Staybridge Suites Cedar ... Hotel

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cedar Rapids
County
Linn
State
Iowa
Longitude
-91.6683779
Latitude
42.0247855

FAQs

What type of property is this?
Hotel - 82-room hotel with strong revenue and high occupancy.
Where is this hotel located?
The property is located at 4444 Czech Ln NE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: - 10% Cap Rate; - 2023 Revenue: $2,653,000; - GRM: 3.75Xs
More about this property
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