Motel 6 Springfield, MO - North

2655 N Glenstone Ave, Springfield, MO

$4,850,000

Price

41,500 sqft

Building Size

2.6 acres

Lot Area

Overview
Building Size
41,500 sqft
Lot Area
2.6 acres
Keys
116
Year Built
1987
Floors
2
Description

We are pleased to present Motel 6 in Springfield, Missouri, listed exclusively with Tabani Realty. The subject hotel has 116 guestrooms and is listed at $45K per key. The Motel 6 in Springfield offers 116 guestrooms with exterior corridors, spread across two floors. The overall building size is 41,500 SF and sits on 2.6 acres which are included in the sale.

The limited-service hotel is located right off Interstate 44 (I-44) and is one of the first hotels drivers see when traveling westbound. The property is directly in-between St. Louis and Oklahoma City making it a popular stop for transient visitors.

Springfield is the third-largest city in the state of Missouri, located in the southwestern part of the state. It is the county seat of Greene County and serves as the regional hub for commerce, education, and healthcare in southwest Missouri. The city has an estimated population of around 167,300 people. Springfield experienced steady population growth over the years and continues to attract residents due to its affordable cost of living, vibrant economy, and quality of life.

Springfield has a diverse economy with major sectors including healthcare, education, manufacturing, retail, and tourism. The city is home to several large employers such as Bass Pro Shops, Mercy Health Systems, and Missouri State University. The healthcare sector is a significant contributor to the local economy. Springfield is a notable stop along the historic Route 66, which passes through the city. Visitors can explore Route 66-themed attractions, museums, and restaurants, showcasing the city's connection to this iconic highway.

Highlights
  • 116 guestrooms offered at $45,000 per key
  • Offered at a current cap rate of 10.22%
  • Ideal for Multi-Family / Apartment Conversion
  • Located in a high-traffic area (off I-44)
  • 3 hours southwest of Saint Louis, Missouri
  • 2 hours 40 minutes northeast of Tulsa, Oklahoma
  • Many restaurants nearby
  • Within 6 miles of Bass Pro Shop, Battlefield Mall, and the Wonders of Wildlife Museum
Documents
Location