Ramada Tropics Resort & Conference Center by Wyndham Des Moines

Hospitality: Hotel

4950 - 5000 Merle Hay Rd, UrbandaleIA 50322

Property Details

Location

Address
4950 - 5000 Merle Hay Rd, UrbandaleIA 50322
County
Polk
Submarket
IA - Des Moines West

Building Size

Building Size
137,340 SF
Retail Space
2,651 SF
Residential Space
134,689 SF
Rentable Space
2,651 SF

Building Details

Type
 Hospitality: Hotel
Number of Buildings
1
Number of Units
166
Occupancy Type
Multi-tenant
Percent Occupied
100%
Building Class
Building Status
Existing
Floors
2
Elevators
Present
Year Built
1970
Year Renovated
2010
Sprinklers
Yes
Primary Const.
Masonry
Parking Ratio
Air Conditioned
Yes
Water Frontage
Not present
Legal Desc.
W 550F E 680F Ne 1/4 Lyg S Of I-35 & -Ex S 200F E250f- W550f E680f N 30A Se 1/4 Lyg S Of I-35 Sec 13-79-25

Land & Utilities

Land (Acres)
9.85 Acres
Land (SF)
429,066 SF
Electricity
Yes
Natural Gas
Yes
Sanitary Sewer
Yes
Water
Yes
Zoning
C-H
Lot Depth
Lot Width

Contacts

Current Listings

Hotel for Sale

137,340 SF$15,500,000
NAI Iowa Realty Commercial

Large indoor water park. Large restaurant and kitchen. Built in 1970 and remodeled in 2010. Several updates in 2017 & 2018. Paved, on-site parking. Zoning: C-H Highway Commercial District. All showings must be set up by broker. Price $15,500,000 ($108,437/Key). Prices includes FF&E. Attractive Cap Rate. 2017 revenue: $5,184,872. Financials available upon request for 2018 and year-to-date.

NAI Iowa Realty Commercial

Large indoor water park. Large restaurant and kitchen. Built in 1970 and remodeled in 2010. Several updates in 2017 & 2018. Paved, on-site parking. Zoning: C-H Highway Commercial District. All showings must be set up by broker. Price $15,500,000 ($108,437/Key). Prices includes FF&E. Attractive Cap Rate. 2017 revenue: $5,184,872. Financials available upon request for 2018 and year-to-date.

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