1650 32Nd St, Muskogee, OK 74401
- Hotels
- 50,748 SF
- 1.75 lot acres
Current Use by Public Records
- Fairfield Inn & Suites Muskogee / Hotel & Motel
Property Details for 1650 32Nd St
- Year built
- 2009
- Lot size
- 1.75 lot acres
- Zone code
- EF
- Property type
- Hotels
- APN
- 3040-21-000-024-1-144-02
- APU
- 304021000024114402
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 3, 2024 | $6,100,000 | Wynn Hospitality LLC | The American Motel Investors LLC | Special Warranty Deed | $5M · Open Bank |
| Sep 16, 2016 | — | American Motel Investors INC | — | Deed · related | $450k · First Bk/owasso |
| Feb 26, 2007 | $500,000 | Owner Name Unavailable | Owner Name Unavailable | Warranty Deed · related | — |
| — | — | American Motel Investors INC | — | Deed Of Trust · related | $450k · First Bk/owasso |
Description
This 85-key Fairfield Inn & Suites, built in 2009, presents a compelling investment opportunity in Muskogee, Oklahoma. Located at 1650 N 32nd St, Muskogee, OK 74401, this four-story interior corridor hotel boasts convenient access to US Routes 62 and 64, placing it near restaurants and major transportation arteries. The property includes valuable amenities such as meeting space, a business center, an indoor pool, and a fitness center, catering to a broad range of guests. The hotel benefits from its established presence as a Marriott brand, offering stability and brand recognition within the market. Currently operating with a 78.3% RevPar index, this property presents a clear opportunity to increase occupancy and average daily rate (ADR), maximizing revenue potential. The hotel's absentee ownership structure provides a streamlined investment experience. Muskogee's strategic location in eastern Oklahoma, near three major rivers and 50 miles southeast of Tulsa, positions it as a regional center for trade and transportation, contributing to the hotel's consistent demand. The city's rich history as a railroad hub and its picturesque setting within Oklahoma's "Green Country" further enhance its appeal. This is a rare chance to acquire a well-established, profitable hotel with significant upside potential in a thriving regional market. The asking price is $6,800,000. The seller is motivated.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,100,000
- ML approach
- $6,100,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,305,000
- 6.5%
- $4,895,000
- 7%
- $4,545,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $6,580,000
- OFFICE BUILDING
- $6,310,000
- RESTAURANT
- $5,730,000
- RETAIL STORES
- $5,370,000
- MEDICAL BUILDING
- $4,885,000
- AUTO REPAIR, GARAGE
- $4,350,000
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Location Insight
- Map
- Local Demand
- City
- Muskogee
- County
- Muskogee
- State
- Oklahoma
- Longitude
- -95.401
- Latitude
- 35.7656
- CBSA code
- 34780
- CBSA name
- MUSKOGEE, OK MICROPOLITAN STATISTICAL AREA
