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7852 Parkway Blvd Tulsa, OK 74127

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For Sale
Contact for pricing

70-key hotel, renovated, high upside.

Property size:
43,107 SF

Property Features for 7852 Parkway Blvd

General Information

Property type
Hotels
Square Feet
43,107 SF
Lot Size
102,802 SF

Building Details

Year Built/Renovated
2001/2023
Buildings
1

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Listing Contact
Jatin Jariwala
Jatin Jariwala

Listing Agency: 214Realty Listing Agent: Jatin Jariwala

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

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Property Insight Report

Overview

This exceptional investment opportunity presents a 70-key Hampton Inn located at 7852 West Parkway Blvd N, Tulsa, OK 74127, within Tulsa County. The property, built in 2001 and extensively renovated in 2023 for $1.7 million, boasts 43,107 square feet on a 2.36-acre lot. The renovation encompassed a majority of the Forever Young PIP, addressing a prior plumbing issue that impacted 42 rooms for approximately six months. Insurance covered the repairs, and the hotel is now fully operational and poised for strong performance. Currently operating at 53.26% occupancy, the hotel shows significant upside potential for a new owner to capitalize on. Projected revenues for 2024/2025 are estimated between $1,600,000 and $1,700,000, reflecting a compelling return on investment. The asking price is $5,950,000, translating to $138.03 per square foot. This single-building hotel presents a rare chance to acquire a well-located, recently renovated asset in a thriving market. The property's strong foundation, coupled with its projected revenue growth, makes it an attractive addition to any portfolio. Serious inquiries are encouraged.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Hampton Inn Tulsa-Sand ... Hotel & Motel

Suggested Use

Restaurant Real Estate Agency Gym & Fitness Center Pharmacy Daycare Center Bar & Pub Department Store Big Box & Wholesale Store Building Supply Hotel & Motel

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

Location Insight

  • Map
  • Local Demand
City
Tulsa
County
Tulsa
State
Oklahoma
Longitude
-96.0802465
Latitude
36.1453407

FAQs

What type of property is this?
Hotel - 70-key hotel, renovated, high upside.
Where is this hotel located?
The property is located at 7852 Parkway Blvd Tulsa, OK.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: CALL FOR OFFERS; $1.7M Renovation Completed 2023; Projected Annual Revenue: $1.6M - $1.7M
(469) 233-2191 Call to check price and availability
More about this property
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