Contacts
Adam Montufar
Alchemy Real Estate Advisors (AREA)
Property Details
- Property Type Other
- Property Size 49,826 SF
- Units 68
- Lot Size 2.07 Acre
- Additional Rent Contact for pricing
- Year Built 2014
- Date Updated Nov 4, 2024
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Highlights
- Fee simple interest in the 68-room Holiday Inn Express & Suites in Nevada, Missouri
- The asset will be available for purchase in the January 22nd auction event via RI Marketplace
- Offered for sale as part of an eight-property (8) portfolio, with all properties being sold individually
- Strong operational upside in transitioning the asset out of institutional ownership and third-party management
- Property is offered unencumbered by management and debt and at a significant discount to replacement cost
- Situated adjacent to the heavily trafficked Interstate 49, with more than 10,000 vehicles passing the location daily
- Healthcare, Manufacturing, and education anchor the economic activity, with Nevada Regional Medical Center, 3M Manufacturing, and Cottey College serving as three of the area’s primary employers
- Agriculture plays a significant role in the local economy, contributing to employment and business in related sectors like logistics and manufacturing. Agricultural conventions, trade shows, and business meetings related to farming equipment or agribusiness create transient demand for hotel stays
- History, outdoor recreation, and cultural activities drive leisure demand - the Bushwacker Museum focuses on Nevada’s history as a Civil War site, while Vernon County Lake, Four Rivers Conservation Area, and Walton Park provide numerous activities for outdoor enthusiasts
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Nevada, MO
- Neighborhood Nevada
- Zip Code 64772
Points of Interest
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Casey's General Store
1.55 miles
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Phillips 66
2.11 miles
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Emery's Truck Stop
9.78 miles
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Holiday Inn Express & Suites Nevada
0.01 miles
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Country Inn & Suites
0.09 miles
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America's Best Value Inn & Suites
0.28 miles
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Super 8 by Wyndham Nevada
0.30 miles
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71 Motel
1.55 miles
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Walmart Supercenter
0.24 miles
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Woods Supermarket
2.86 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Adam Montufar
Alchemy Real Estate Advisors (AREA)