2102 Jeffers St North Platte, NE 69101-9694

Property Details for 2102 Jeffers St

Year built

1970

Lot size

4.30 lot acres

Property size

14,110 SF

Zone code

COMMERCIAL

Property type

Commercial real estate

APN

0030771.00

APU

3077100

Description

This fee-simple, 123-key Ramada by Wyndham hotel in North Platte, Nebraska, presents a compelling investment opportunity. Built in 1970 and renovated in 2018, this two-story property boasts over 17,000 square feet of event space, including 12 meeting rooms accommodating up to 600 banquet guests. Amenities include an indoor pool, hot tub, on-site restaurant, fitness center, business center, room service, and ample parking. Strategically located off US Highway 83 near I-80, the hotel benefits from its proximity to major transportation routes, including the world's largest railroad classification yard, Bailey Yard, and North Platte-Lee Bird Regional Airport. The area offers diverse attractions, including Buffalo Bill Ranch State Historical Park, Lincoln County Historical Museum, Cody Park, and Lake Maloney State Recreation Area, supporting a robust tourism sector. North Platte's economy is further bolstered by healthcare and agriculture. The hotel's location within the I-80 Corridor, which experienced a 4.7% RevPAR increase year-end 2023, indicates strong market performance and growth potential. The 5.38-acre lot offers significant upside for future development. This unencumbered property is offered at $6,499,999, or $52,845.52 per key, representing a strong value proposition for investors seeking exposure to the thriving Nebraska hospitality market.

Location Insight

City

North Platte

County

Lincoln

State

Nebraska

Longitude

-100.766

Latitude

41.1151

CBSA code

35820

CBSA name

NORTH PLATTE, NE MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments