2600 Annapolis N Ln, Plymouth, MN 55441-3604
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.