2324 2Nd Ave Williston, ND 58801
- Hotels
- 1.17 lot acres
Current Use by Public Records
- Super 8 by Wyndham Williston ND / Hotel / Inn
Property Details for 2324 2Nd Ave
- Year built
- 1978
- Lot size
- 1.17 lot acres
- Property type
- Hotels
Description
This fee-simple, 82-key Super 8 by Wyndham hotel in Williston, North Dakota, presents a compelling investment opportunity. Built in 1978, this three-story, interior-corridor property sits on a 1.17-acre lot at 2324 2nd Ave W, 58801. The hotel boasts an indoor pool, hot tub, on-site laundry, and ample parking, catering to diverse travelers. Its prime location near Route 2/85 benefits from the robust economy driven by the Bakken shale formation and significant energy sector employers including Halliburton, Calfrac Well Services, and Kinder Morgan, all within a reasonable distance. Williston State College and the recently opened Williston Basin International Airport further enhance the area's appeal and contribute to consistent occupancy. The property offers a pro-forma NOI of $390,923 and a pro-forma cap rate of 14.48%, with an asking price of $2,700,000 ($32,927 per key). The hotel is unencumbered by management contracts or existing debt, providing a clean and attractive investment profile for qualified buyers. This presents a strong opportunity to capitalize on the thriving Williston market and its diverse economic drivers. The property's amenities and strategic location position it to continue attracting business and leisure travelers alike. The sale is a fee-simple ownership transfer.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Williston
- County
- Williams
- State
- North Dakota
- Longitude
- -103.62566839
- Latitude
- 48.16699202
