2600 Annapolis N Ln Plymouth, MN 55441-3604

Property Details for 2600 Annapolis N Ln

Year built

1989

Construction

WOOD

Lot size

2.92 lot acres

Property type

Commercial real estate

APN

22-118-22-34-0020

APU

2211822340020

Description

This exceptional 117-room motel presents a lucrative investment opportunity in Plymouth, Minnesota. Boasting 20,000 square feet across four stories in a single building, constructed in 1989, this property is strategically located at the intersection of I-494 and State Route 55, offering convenient access to downtown Minneapolis. The asking price is $5,500,000, translating to $275 per square foot. Each guest room includes modern amenities such as free Wi-Fi, an expanded cable package with HBO, a flat-screen TV, a microwave, and a mini-refrigerator. The hotel is also pet-friendly, catering to a broader range of travelers. This established motel benefits from high visibility and accessibility due to its prime location near major transportation arteries. The property's strong existing infrastructure and proven operational history make it an attractive prospect for investors seeking a stable and potentially high-yielding asset in a thriving metropolitan area. The significant number of rooms and the inclusion of desirable amenities position this motel for continued success and potential for increased revenue generation. This represents a rare opportunity to acquire a well-established hospitality business in a highly desirable location with significant growth potential. The property's size and location make it ideal for both short-term and long-term investment strategies.

Location Insight

City

Plymouth

County

Hennepin

State

Minnesota

Longitude

-93.4538

Latitude

45.008

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments