98-Unit
For Sale
Contact for pricing
2016 Hospitality Way, Clarksville, IN 47129
1984-built, 98-unit hotel offered for sale on Hospitality Way in Clarksville, Indiana.
Property SizeContact for details
Lot Size2.25 Acres
Days on Market63
Property Features for 2016 Hospitality Way
General Information
Standard status
Active
Lot size
2.25 Acres
Property subtype
Hospitality
Zoning
C1
Building Details
Year Built
1984
Buildings
1
Stories
3
Units
98
Listing Agency:
Marcus & Millichap - Louisville
Listed By:
David Badgett · License #215224
(502) 329-5900
Source:
Crexi
Added: Jul 15
Changed: Aug 31
Last Checked: Sep 14 at 9:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Louisville
Investment Insights
Based on property information with market context.
The Red Carpet Inn is a 98-unit, 1984-built hotel on a 2.25-acre lot at 2016 Hospitality Way in Clarksville, Indiana. The asset is positioned for hospitality-focused investors looking at value-add or repositioning strategies.
The property is located in a Southern Indiana development corridor. River Ridge Commerce Center is cited as being nearby, supporting 13,300+ jobs, and a $226M mixed-use redevelopment is underway in South Clarksville, which can contribute to continued lodging demand.
For operators and investors evaluating hospitality upgrades, this offering combines a defined unit count with a clear development/demand backdrop highlighted in the remarks.
The property is located in a Southern Indiana development corridor. River Ridge Commerce Center is cited as being nearby, supporting 13,300+ jobs, and a $226M mixed-use redevelopment is underway in South Clarksville, which can contribute to continued lodging demand.
For operators and investors evaluating hospitality upgrades, this offering combines a defined unit count with a clear development/demand backdrop highlighted in the remarks.
Key Highlights
- 98‑unit hotel offering at 2016 Hospitality Way
- 2.25‑acre lot
- Built in 1984
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 47129, IN
19,739
Population
9,382
Households
2.1
Avg Household Size
39
Median Age
17%
College-Educated
83%
High-School Grad
9.6 sq mi
ZIP Area
2,056
Density / Sq Mi
$55,447
Median Household Income
$36,592
Median Earnings
$1,027
Median Rent
$162,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 1984-built, 98-unit hotel offered for sale on Hospitality Way in Clarksville, Indiana.
Where is this hotel located?
The property is located at 2016 Hospitality Way Clarksville, IN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 98‑unit hotel offering at 2016 Hospitality Way; 2.25‑acre lot; Built in 1984
