1503 W Sheridan Avenue Shenandoah, IA 51601
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1503 W Sheridan Avenue Shenandoah, IA 51601

$770,000

  • 1.44 Acres
1503 W Sheridan Avenue Shenandoah, IA 51601
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Great opportunity for a new hotel-motel investor with good cash flow. This 47 room is outdoor corridor with excellent two living quarters, one with one bedroom and another one with two bedroom. Both living quarter and equipped with modern kitchens and living room. It is very well maintained property, located on the busy US Hwy 59 in Shenandoah, IA. Asking price $800,000, 2.7 times room revenue. Consistent room revenue for last three years and potential to boost even more

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Ashok Parikh

  • Mobile319-431-1372
  • Office319-363-8286

Property Details

Status
Active
MLS#
1708919
Property Type
Commercial
Sub Type
Business, Investment, Special Purpose
Lot Size
62726
Acres
1.44
Zoning
Comm
Gross Tax
$5,388.00

Utilities Available

  • Electric
  • Gas

Building

Ceiling Height

  • 7ft-10ft

Floor

  • Carpet
  • Concrete Slab

Utilities

Heating/Cooling

  • Electricity Heat
  • Window/Wall Air

Utilities

  • Electric
  • Gas

Power Available

  • 220 Volt

Terms

Terms

  • Cash

Lease Terms

Owner Pays

  • Re Tax
  • Insurance
  • Improvment
  • Janitorial
  • Heating
  • Water
  • Electricity
  • Trash Collection

Map & Community

Driving Directions

About Cedar Rapids

Known as the City of Five Seasons, Cedar Rapids celebrates winter, spring, summer, fall, and a fifth season meant to enjoy life and all the other seasons. As the second largest city in the state of Iowa, Cedar Rapids is a vibrant city offering a dynamic arts and culture scene, a thriving downtown area with a wide variety of restaurants and nightlife and a growing urban living community. After experiencing a devasting flood in 2008, the Cedar Rapids community has flourished. With more than 1.5 billon spent for revitalization the community is booming with new and renovated entertainment venues and historic neighborhoods have been renewed. The Newbohemia district is a fast growing community offering a year round farmers marketing, local shops such as Raygun - famous for t-shirts - and aplethora of local bars and restaurants. Visit...


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  • Listing Agent: Ashok Parikh
  • Office: Skogman Realty Commercial
  • Data courtesy of Cedar Rapids Association of Realtors MLS