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56 Units Completely Remodeled Hot… Presented by
Sooner Realty Properties
2430 S 32nd Street, Muskogee, OK 74401
Kamlesh Aggarwal, [email protected](918) 260-5286
License: 080557
Sooner Realty Properties2709 S 27th StreetMuskogee, OK 74401
Notes
Confidentiality Agreement
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
PRICE REDUCED FOR A QUICK SALE !! Franchise Hotel, 56 Rooms with 2 Bedroom Living RoomApartment. New flooring and paint, New Refrigerator and Dishwasher in the Apartment. ExteriorCorridors on Hwy 69 S, many upgrades, New carpet or flooring in 28 Rooms, New Air Condition (PTAC)units in 30+ Rooms, New Washer and Dryer Commercial and Guest washer and Dryer, 2 Tuff Sheds,40' Flat Screen TV in all Room, New RFID Lock system, Microwave and Fridge in all Rooms, New Roofin 2015, New Recliner and Pullout couch in 24 Rooms, New Lamps wall and Desk in all Rooms NewHeadboards with Panel in all Rooms (Super 8 Requirements), New Mattress and Box with Bed Legs inall Room, New Paint in all Rooms (Super 8 Requirement) all franchise requirements are complete. Hasa 7A assumable loan with prime + 1% interest rate, Seller could carry part of the equity with $300Kdown payment. Large living quarter
Price: $1,500,000
View the full listing here: http://www.crelisting.net/D031hoU4Q/?StepID=107
Price: $1,500,000
No. Rooms: 56
Building Size: 18,488 SF
Price/Room: $26,785.71
Property Type: Hotel & Motel
Property Sub-type: Economy/Limited Service
Property Use Type: Business For Sale
Corridor: Exterior
Lot Size: 113,375 SF
Property Details
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Location DescriptionS on Hwy 69, at the NE corner or Hancock & Hwy69
Location
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Photos
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Sales Comparables
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Address 903 S 32nd St, Muskogee, OK 74401 525 N 16th Street, Muskogee, OK74401
525 N 16th Street, Muskogee, OK74401
410 N 32nd Street, Muskogee, OK74401
Property Type Hotel & Motel Hotel & Motel Hotel & Motel Hotel & Motel
Property Subtype Economy/Limited Service Economy/Limited Service Economy/Limited Service Economy/Limited Service
Zoning * B* B* F1*
Building Size 19,432 SF 2,922 SF 2,922 SF 8,160 SF
Year Built 1984 1920 1920 1950
No. Stories 2
Lot Size 3.50 AC 0.69 AC 0.69 AC 0.65 AC
APN / Parcel ID 13253 2621 2621 10943
Asking Price
Price Per
Last Sold 09/15/2015 02/21/2014 05/13/2013 11/07/2012
Sale Price $1,050,000 $78,000 $186,759 $505,000
Sale Price Per $54.03 /SF $26.69 /SF $63.91 /SF $61.89 /SF
Notes
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Property Address Sale Date Sale Price Property
Type
Subtype
1 903 S 32nd St, Muskogee, OK 74401 09/15/2015 $1,050,000 Hotel &
Motel
Economy/Limited
Service
2 525 N 16th Street, Muskogee, OK
74401
02/21/2014 $78,000 Hotel &
Motel
Economy/Limited
Service
3 525 N 16th Street, Muskogee, OK
74401
05/13/2013 $186,759 Hotel &
Motel
Economy/Limited
Service
4 410 N 32nd Street, Muskogee, OK
74401
11/07/2012 $505,000 Hotel &
Motel
Economy/Limited
Service
Map of Comparables
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Demographics
Population 1-mi. 3-mi. 5-mi.
2015 Male Population 775 8,467 18,276
2015 Female Population 866 8,954 19,854
% 2015 Male Population 47.23% 48.60% 47.93%
% 2015 Female Population 52.77% 51.40% 52.07%
2015 Total Population: Adult 1,168 12,799 28,500
2015 Total Daytime Population 3,362 25,754 47,773
2015 Total Employees 2,282 14,451 24,198
2015 Total Population: Median Age 33 35 37
2015 Total Population: Adult Median Age 47 48 49
2015 Total population: Under 5 years 176 1,419 3,019
2015 Total population: 5 to 9 years 138 1,295 2,731
2015 Total population: 10 to 14 years 99 1,238 2,544
2015 Total population: 15 to 19 years 109 1,097 2,313
2015 Total population: 20 to 24 years 114 1,173 2,597
2015 Total population: 25 to 29 years 127 1,203 2,508
2015 Total population: 30 to 34 years 106 1,221 2,521
2015 Total population: 35 to 39 years 92 1,031 2,212
2015 Total population: 40 to 44 years 86 986 2,154
2015 Total population: 45 to 49 years 76 972 2,109
2015 Total population: 50 to 54 years 87 1,211 2,581
2015 Total population: 55 to 59 years 102 1,158 2,469
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Demographics
Population (Cont.) 1-mi. 3-mi. 5-mi.
2015 Total population: 60 to 64 years 104 987 2,243
2015 Total population: 65 to 69 years 83 768 1,892
2015 Total population: 70 to 74 years 65 543 1,363
2015 Total population: 75 to 79 years 43 444 1,121
2015 Total population: 80 to 84 years 17 355 838
2015 Total population: 85 years and over 17 320 915
% 2015 Total population: Under 5 years 10.73% 8.15% 7.92%
% 2015 Total population: 5 to 9 years 8.41% 7.43% 7.16%
% 2015 Total population: 10 to 14 years 6.03% 7.11% 6.67%
% 2015 Total population: 15 to 19 years 6.64% 6.30% 6.07%
% 2015 Total population: 20 to 24 years 6.95% 6.73% 6.81%
% 2015 Total population: 25 to 29 years 7.74% 6.91% 6.58%
% 2015 Total population: 30 to 34 years 6.46% 7.01% 6.61%
% 2015 Total population: 35 to 39 years 5.61% 5.92% 5.80%
% 2015 Total population: 40 to 44 years 5.24% 5.66% 5.65%
% 2015 Total population: 45 to 49 years 4.63% 5.58% 5.53%
% 2015 Total population: 50 to 54 years 5.30% 6.95% 6.77%
% 2015 Total population: 55 to 59 years 6.22% 6.65% 6.48%
% 2015 Total population: 60 to 64 years 6.34% 5.67% 5.88%
% 2015 Total population: 65 to 69 years 5.06% 4.41% 4.96%
% 2015 Total population: 70 to 74 years 3.96% 3.12% 3.57%
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Demographics
Population (Cont.) 1-mi. 3-mi. 5-mi.
% 2015 Total population: 75 to 79 years 2.62% 2.55% 2.94%
% 2015 Total population: 80 to 84 years 1.04% 2.04% 2.20%
% 2015 Total population: 85 years and over 1.04% 1.84% 2.40%
2015 White alone 841 8,460 21,160
2015 Black or African American alone 307 3,990 5,746
2015 American Indian and Alaska Native alone 272 2,461 6,125
2015 Asian alone 15 174 320
2015 Native Hawaiian and OPI alone n/a 6 16
2015 Some Other Race alone 34 737 1,501
2015 Two or More Races alone 172 1,593 3,262
2015 Hispanic 75 1,351 2,829
2015 Not Hispanic 1,566 16,070 35,301
% 2015 White alone 51.25% 48.56% 55.49%
% 2015 Black or African American alone 18.71% 22.90% 15.07%
% 2015 American Indian and Alaska Native alone 16.58% 14.13% 16.06%
% 2015 Asian alone 0.91% 1.00% 0.84%
% 2015 Native Hawaiian and OPI alone 0.00% 0.03% 0.04%
% 2015 Some Other Race alone 2.07% 4.23% 3.94%
% 2015 Two or More Races alone 10.48% 9.14% 8.55%
% 2015 Hispanic 4.57% 7.76% 7.42%
% 2015 Not Hispanic 95.43% 92.24% 92.58%
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Demographics
Population (Cont.) 1-mi. 3-mi. 5-mi.
2015 Not Hispanic: White alone 942 9,506 23,243
2015 Not Hispanic: Black or African American alone 512 4,856 6,778
2015 Not Hispanic: American Indian and Alaska Native alone 167 1,910 4,850
2015 Not Hispanic: Asian alone 31 171 293
2015 Not Hispanic: Native Hawaiian and OPI alone 2 4 9
2015 Not Hispanic: Some Other Race alone n/a 17 31
2015 Not Hispanic: Two or More Races 107 1,077 2,291
% 2015 Not Hispanic: White alone 52.60% 52.25% 60.02%
% 2015 Not Hispanic: Black or African American alone 28.59% 26.69% 17.50%
% 2015 Not Hispanic: American Indian and Alaska Native alone 9.32% 10.50% 12.52%
% 2015 Not Hispanic: Asian alone 1.73% 0.94% 0.76%
% 2015 Not Hispanic: Native Hawaiian and OPI alone 0.11% 0.02% 0.02%
% 2015 Not Hispanic: Some Other Race alone 0.00% 0.09% 0.08%
% 2015 Not Hispanic: Two or More Races 5.97% 5.92% 5.92%
Population Change 1-mi. 3-mi. 5-mi.
Total: Employees (NAICS) n/a n/a n/a
Total: Establishements (NAICS) n/a n/a n/a
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Demographics
Population Change (Cont.) 1-mi. 3-mi. 5-mi.
2015 Total Population 1,641 17,421 38,130
2015 Households 665 6,799 15,433
Population Change 2010-2015 -92 -336 -552
Household Change 2010-2015 -22 -31 33
% Population Change 2010-2015 -5.31% -1.89% -1.43%
% Household Change 2010-2015 -3.20% -0.45% 0.21%
Population Change 2000-2015 -150 -773 -597
Household Change 2000-2015 -6 -362 -10
% Population Change 2000 to 2015 -8.38% -4.25% -1.54%
% Household Change 2000 to 2015 -0.89% -5.06% -0.06%
Housing 1-mi. 3-mi. 5-mi.
2015 Housing Units 777 8,404 17,481
2015 Occupied Housing Units 671 7,161 15,442
2015 Owner Occupied Housing Units 425 4,405 10,110
2015 Renter Occupied Housing Units 246 2,756 5,332
2015 Vacant Housings Units 106 1,243 2,038
% 2015 Occupied Housing Units 86.36% 85.21% 88.34%
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Demographics
Housing (Cont.) 1-mi. 3-mi. 5-mi.
% 2015 Owner occupied housing units 63.34% 61.51% 65.47%
% 2015 Renter occupied housing units 36.66% 38.49% 34.53%
% 2000 Vacant housing units 13.64% 14.79% 11.66%
Income 1-mi. 3-mi. 5-mi.
2015 Household Income: Median $39,582 $31,508 $35,205
2015 Household Income: Average $52,556 $44,918 $47,629
2015 Per Capita Income $21,298 $18,161 $19,817
2015 Household income: Less than $10,000 77 997 1,865
2015 Household income: $10,000 to $14,999 54 643 1,280
2015 Household income: $15,000 to $19,999 61 642 1,271
2015 Household income: $20,000 to $24,999 40 467 1,136
2015 Household income: $25,000 to $29,999 50 537 1,177
2015 Household income: $30,000 to $34,999 23 376 957
2015 Household income: $35,000 to $39,999 30 351 741
2015 Household income: $40,000 to $44,999 32 287 681
2015 Household income: $45,000 to $49,999 36 369 872
2015 Household income: $50,000 to $59,999 45 518 1,296
2015 Household income: $60,000 to $74,999 76 571 1,407
2015 Household income: $75,000 to $99,999 88 567 1,484
2015 Household income: $100,000 to $124,999 19 185 550
2015 Household income: $125,000 to $149,999 11 104 330
2015 Household income: $150,000 to $199,999 8 90 218
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Demographics
Income (Cont.) 1-mi. 3-mi. 5-mi.
2015 Household income: $200,000 or more 15 95 168
% 2015 Household income: Less than $10,000 11.58% 14.66% 12.08%
% 2015 Household income: $10,000 to $14,999 8.12% 9.46% 8.29%
% 2015 Household income: $15,000 to $19,999 9.17% 9.44% 8.24%
% 2015 Household income: $20,000 to $24,999 6.02% 6.87% 7.36%
% 2015 Household income: $25,000 to $29,999 7.52% 7.90% 7.63%
% 2015 Household income: $30,000 to $34,999 3.46% 5.53% 6.20%
% 2015 Household income: $35,000 to $39,999 4.51% 5.16% 4.80%
% 2015 Household income: $40,000 to $44,999 4.81% 4.22% 4.41%
% 2015 Household income: $45,000 to $49,999 5.41% 5.43% 5.65%
% 2015 Household income: $50,000 to $59,999 6.77% 7.62% 8.40%
% 2015 Household income: $60,000 to $74,999 11.43% 8.40% 9.12%
% 2015 Household income: $75,000 to $99,999 13.23% 8.34% 9.62%
% 2015 Household income: $100,000 to $124,999 2.86% 2.72% 3.56%
% 2015 Household income: $125,000 to $149,999 1.65% 1.53% 2.14%
% 2015 Household income: $150,000 to $199,999 1.20% 1.32% 1.41%
% 2015 Household income: $200,000 or more 2.26% 1.40% 1.09%
Retail Sales Volume 1-mi. 3-mi. 5-mi.
2015 Childrens/Infants clothing stores $170,255 $1,676,473 $3,855,986
2015 Jewelry stores $62,575 $602,811 $1,388,468
2015 Mens clothing stores $201,243 $1,960,836 $4,531,586
2015 Shoe stores $201,498 $1,971,398 $4,556,347
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Demographics
Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi.
2015 Womens clothing stores $348,592 $3,393,495 $7,858,180
2015 Automobile dealers $2,702,518 $26,023,018 $60,652,620
2015 Automotive parts and accessories stores $535,432 $5,222,043 $12,120,434
2015 Other motor vehicle dealers $79,688 $802,872 $1,840,826
2015 Tire dealers $239,406 $2,333,124 $5,415,327
2015 Hardware stores $10,754 $103,235 $242,908
2015 Home centers $113,512 $1,069,943 $2,507,033
2015 Nursery and garden centers $138,497 $1,316,906 $3,072,014
2015 Outdoor power equipment stores $61,668 $592,110 $1,397,387
2015 Paint andwallpaper stores $12,952 $123,128 $289,420
2015 Appliance, television, and other electronics stores $366,817 $3,531,604 $8,210,950
2015 Camera andphotographic supplies stores $27,095 $257,621 $600,728
2015 Computer andsoftware stores $1,008,202 $9,940,757 $22,939,119
2015 Beer, wine, and liquor stores $172,757 $1,685,508 $3,892,251
2015 Convenience stores $762,361 $7,495,260 $17,262,078
2015 Restaurant Expenditures $715,519 $6,934,084 $16,063,056
2015 Supermarkets and other grocery (except convenience) stores $2,851,280 $28,286,861 $65,155,185
2015 Furniture stores $253,904 $2,451,629 $5,696,741
2015 Home furnishings stores $910,599 $8,873,124 $20,592,862
2015 General merchandise stores $4,716,137 $45,730,505 $106,176,808
2015 Gasoline stations with convenience stores $2,418,959 $23,736,112 $54,893,158
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
Demographics
Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi.
2015 Other gasoline stations $1,746,454 $17,133,550 $39,679,895
2015 Department stores (excl leased depts) $4,653,562 $45,127,694 $104,788,340
2015 General merchandise stores $4,716,137 $45,730,505 $106,176,808
2015 Other health and personal care stores $183,204 $1,777,512 $4,131,521
2015 Pharmacies and drug stores $748,573 $7,361,859 $17,064,145
2015 Pet and pet supplies stores $202,628 $1,985,164 $4,606,009
2015 Book, periodical, and music stores $30,891 $296,979 $690,268
2015 Hobby, toy, and game stores $87,604 $854,656 $1,972,791
2015 Musical instrument and supplies stores $8,493 $80,869 $188,240
2015 Sewing, needlework, and piece goods stores $16,449 $159,965 $374,104
2015 Sporting goods stores $81,676 $780,883 $1,812,165
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
[email protected](918) 260-5286License: 080557
Sooner Realty Properties
2709 S 27th StreetMuskogee, OK 74401
Kamlesh Aggarwal, CCIMA Commercial Realtor, have been in Real Estate Industry since 1986. Started as a Residential Realtor and moved up tobecome a Commercial Realtor also gained ample experience in financial services associated with real estate while workingfor a financial institution and the title company in California briefly.
Current Occupation: Commercial Real Estate Broker
Work Experience: Over 30 years experience in selling Real Estate
Education: Graduate of Punjab University, India in Political Science & History. Received Sales associate’s licensein 1986. Received her Broker’s license in 1994. Achieved several continuing education creditsincluding a graduate of CCIM (Certified Commercial Investment Member). Kamlesh completed theCCIM curriculum by submitting her transaction portfolio of experience and completing hercomprehensive examination at the mid year business meeting in April 2013.Only 6% of the estimated125,000 commercial real estate professionals nationwide hold the CCIM designation, which reflect notonly the caliber of the program, but also why it is one of the most coveted designation in the industry.Graduate of Leadership Muskogee. Completed AAHOA CHO Certification-September 2016
Organizations/Associations: CCIM, National Association of REALTORS, LoopNet, Inc.
Honors/Awards: Volunteer of the Year Award - Muskogee Chamber of Commerce, CoStar Power Broker 2011 Top FirmAward Winner, 2016 AAHOA'S CHO Designation(Asian American Hotel Owner's Association)
Website: http://www.soonerrealtyproperties.com
Interests: Traveling, Gardening and Community Work
Broker Profile
56 Units Completely Remodeled Hotel For Sale2430 S 32nd Street, Muskogee, OK 74401
