4353 Canal SE Pl Rochester, MN 55904-4000

Property Details for 4353 Canal SE Pl

Year built

2013

Lot size

1.42 lot acres

Property size

50,411 SF

Property type

Hotels

APN

64.26.14.080634

APU

642614080634

Description

This exceptional 83-room La Quinta Inn & Suites hotel presents a lucrative investment opportunity in Rochester, Minnesota. Located at 4353 Canal Pl SE, 55904, this four-story, 61,922-square-foot property boasts a prime location in Olmsted County. Built in 2014, the hotel features a full-size swimming pool and sits on a substantial 61,922-square-foot lot. The asking price is $5,995,000, representing a compelling return on investment. The property is currently configured as an owner/user investment, offering significant potential for both immediate income generation and long-term appreciation. With an occupancy date of November 15, 2024, this hotel is poised to capitalize on the thriving hospitality market in Rochester. The property's size and amenities make it an attractive option for both seasoned investors and those seeking a high-yield, hands-on investment. Its strategic location in the southeastern part of Rochester ensures easy access to major transportation routes and local attractions. This is a rare opportunity to acquire a well-established, high-performing hotel in a dynamic and growing market. The substantial lot size also offers potential for future expansion or development. This turnkey operation is ready for a new owner to step in and continue its success.