Listed by AQRE Advisors
$1,500,000
City Motel
Details
Property Type Hospitality
Sub Type Motel, Eco Lodging
Square Footage 5,184
Units 14
Price per SqFt $289
Year Built 1962
Year Renovated 2022
Buildings 1
Acreage 0.290
Zoning NBHD BUS
Parking Spaces 19 spaces
Parking Per SqFt 3.67
Investment Type Value Add
City Motel located in Royal Oak,MI
Marketing description
AQRE Advisors is pleased to present for sale the subject property known as City Motel. The ±5,184 SF motel is located at 111 W 12 Mile Rd Royal Oak, MI 48073 ("Property"). The Property is situated on 0.29 acres of land.
The Property presents a 14-unit hospitality asset with operating history and clear potential for further income growth. Originally built in 1962 and renovated in 2022, the property has seen recent updates with additional opportunity to improve performance and increase cash flow. With 19 surface parking spaces and direct frontage along 12 Mile Road, the Property benefits from strong visibility, easy access, and a straightforward, manageable footprint for ownership.
Investment highlights
- Proven Revenue Stability: The asset has demonstrated consistent top-line performance, generating over $180,000 in annual rental income across multiple years, providing confidence in ongoing operations and revenue durability.
- Significant Value-Add Opportunity: New ownership has the ability to increase cash flow through operational improvements, rate optimization, and more efficient expense management, creating meaningful upside beyond current performance.
- Prime Infill Location in Royal Oak: Situated in Royal Oak, a high-demand suburb within the Detroit MSA, the Property benefits from strong demographics, dense population, and consistent demand drivers for hospitality assets.
- Proximity to Major Demand Drivers: The Property is positioned near major employment centers, healthcare facilities, and entertainment hubs within the Detroit MSA, supporting year-round lodging demand.
- High-Demand Hospitality Corridor: The Property benefits from its location along 12 Mile Road, a primary thoroughfare with strong daily traffic counts, providing consistent visibility and accessibility for transient and extended-stay demand. The asset is situated just minutes from a highly active, walkable downtown environment.
- Financials: Financials available upon receipt of signed NDA.
Listing Contacts
Listed by AQRE Advisors
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