502 Nd-66 Drayton, ND 58225
- Hospitality properties
- 9,750 SF
- 1.50 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 502 Nd-66
- Year built
- 1987
- Lot size
- 1.50 lot acres
- Property size
- 9,750 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This fee-simple, 30-key economy hotel in Drayton, North Dakota presents a compelling value-add investment opportunity. Located at 502 ND-66, Drayton, ND 58225, this single-story, interior corridor property boasts 9,750 square feet on a 1.5-acre lot with 42 parking spaces. Built in 1987 and renovated in 2022, the hotel offers significant in-place cash flow, providing immediate return on investment. The property is unencumbered by debt or management agreements, allowing for complete operational control and strategic repositioning. The asking price is $900,000, representing a price per square foot of $92.31. This represents a substantial discount compared to current replacement costs, offering immediate value. The property is zoned commercial and presents a unique opportunity for an investor to leverage existing cash flow while implementing strategies to further enhance revenue and profitability. The hotel's independent branding provides flexibility for future operational adjustments. This is an exceptional opportunity to acquire a well-located, cash-flowing hotel in a growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Drayton
- County
- Pembina
- State
- North Dakota
- Longitude
- -97.1852
- Latitude
- 48.5708
