3125 Kentwood Ave Springfield, MO 65803-4413

Property Details for 3125 Kentwood Ave

Year built

1997

Lot size

1.35 lot acres

Property size

18,184 SF

Zone code

INC

Property type

Hotels

APN

88-12-06-108-043

APU

881206108043

Description

This exceptional 53-room, two-story Red Roof Inn presents a compelling investment opportunity in Springfield, Missouri. Situated on a 1.35-acre lot (APN 12-0610-8043) at 3125 N Kentwood Ave, Springfield, MO 65803, this interior-corridor hotel, built in 1997, benefits from a recent update, including new curtains, beds, locks, and TVs within the last three years. The property boasts a strong revenue stream, generating $887,645 in room revenue in 2023, despite absentee ownership, suggesting significant upside potential with active management. Its convenient location near Missouri State University and Springfield-Branson National Airport, along with proximity to major corporations, ensures consistent occupancy. Springfield's robust growth, fueled by development in housing, commercial, and industrial sectors, further enhances the property's value. The hotel's excellent condition and minimal anticipated future capital expenditures make this a low-risk, high-reward investment. The property's location offers easy access to Interstate 44 and is close to several demand generators including three universities, science museums, a fairgrounds and events center, parks, and caverns. The seller anticipates a minimal capital expenditure plan for the next owner. There is also the possibility of converting one or two rooms into a manager's apartment. The asking price is $3,300,000.