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34330889
34363244

22400 Plymouth Road, Detroit, MI 48239-1321 For Sale

KR
MI 438337
The Herish Group
EH
6505406439
The Herish Group
Listed by The Herish Group
$825,000
8 days on market
Updated 5 days ago

Park Drive Motel

Details
Property Type Hospitality, Business for Sale
Sub Type Motel, Business and Building
Square Footage 9,774
Keys 21
Cap Rate 14.54%
NOI $259,000
Year Built 1952
Acreage 0.600
Zoning B-4
Parking Spaces 20 spaces
Parking per 1,000 SqFt 2.05
Investment Type Value Add
Ground Lease No

Hospitality | 14.54% CAP | 21 Keys

Marketing description

Park Drive Motel, located at 1727-22400 Plymouth Rd in Redford Township near Lincoln Park, offers a compelling value-add investment opportunity with 21 total rooms, including 16 currently operational, plus a 2-bedroom manager's apartment. The property presents significant upside potential, as all rooms can be converted into studio-style apartments, allowing for repositioning into a higher-income, long-term rental asset. Strategically situated along a high-traffic corridor with strong visibility and close proximity to Detroit, the asset benefits from consistent demand driven by workforce housing and extended-stay needs. With opportunities to increase revenue through unit conversion, improved occupancy, and operational enhancements, this property is ideal for investors or owner-operators seeking both immediate cash flow and long-term appreciation.

Investment highlights

  • Value Add Motel- possible Apartment Conversion
  • Historically High Gross Sales
  • Weekly, daily and Extended Stay
  • Main Retail Corridor | Surrounded by National Tenants
  • Private Fenced Lot
  • 24,000 VPD Pass subject Property

Listing Contacts

KR
MI 438337
The Herish Group
EH
6505406439
The Herish Group
Listed by The Herish Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$259,000.00
$21,583.33/mo

Valuation Metrics

0
DSCR
31.39%
Cap Rate
31.39%
ROI

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Additional Information

Name
kapil roy
License
438337
Brokerage
Brookstone Realtors
Brokerage Phone
2489630605
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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