Prime Investment Opportunity: Comfort Inn, Lincoln, NE - A Strategic Asset with High Demand Potential

$3,600,000

59 Beds | - Baths | - SqFt

4231 Industrial Ave #59, Lincoln, NE 68504-1118

Active

Are you looking for a lucrative investment in the real estate industry? Look no further than the Comfort Inn at 4231 Industrial Ave #59, Lincoln, NE 68504-1118. This 59-room hotel, built in 1994, is listed at $3,600,000 and offers a wealth of opportunities for savvy investors. Here’s an in-depth look at why this property is a prime investment.

### Property Overview

The Comfort Inn has been meticulously maintained over the years with numerous repairs and updates to ensure it remains a top choice for travelers. The guest rooms, common areas, and essential systems have all been upgraded to meet modern standards. The property’s recent renovations include a newly resurfaced parking lot with updated lighting and a fully renovated swimming pool and hot tub. These upgrades not only enhance the guest experience but also ensure the property remains competitive in the market.

### Strategic Location

One of the standout features of this property is its strategic location. Situated just 0.8 miles from Interstate 80 (I-80), one of the busiest highways in the U.S., the Comfort Inn benefits from high visibility and accessibility. With approximately 30,000 vehicles passing daily, there is a constant stream of potential guests.

Additionally, the hotel is just a five-minute drive from the University of Nebraska-Lincoln, which enrolls over 26,000 students. This proximity ensures consistent demand year-round from visiting families, prospective students, and university events.

### Location Advantages

The Comfort Inn’s location offers several other advantages:

- **Lincoln Airport (LNK)**: Just 7 miles away and serving over 300,000 passengers annually.

- **Downtown Lincoln**: Less than 10 minutes away, home to government offices, corporate headquarters, entertainment venues, and shopping districts.

- **Lancaster Event Center**: Located 6.2 miles from the hotel and hosting over 320 annual events that draw more than 500,000 attendees.

- **Memorial Stadium**: Home to the Nebraska Cornhuskers football team with a seating capacity of over 85,000 fans. Game weekends see high demand for lodging.

### Future Developments

The area surrounding the Comfort Inn is poised for growth with several significant developments:

- **Block 65 Redevelopment**: A $50 million mixed-use project featuring retail, office, and residential spaces expected to attract around 50,000 visitors annually.

- **The Telegraph District Expansion**: A tech-focused development driving employment growth with coworking and residential spaces.

- **South Beltway Project**: A $352 million highway improvement aimed at enhancing city accessibility and reducing congestion.

### Annual Events Driving Demand

Lincoln hosts several annual events that significantly boost hotel occupancy:

- **Nebraska State Fair**: Attracts over 350,000 attendees annually.

- **Jazz in June Festival**: Draws thousands of music enthusiasts each summer.

- **Lincoln Marathon**: Brings in over 10,000 participants and spectators each spring.

### Recent Upgrades

The Comfort Inn has seen substantial renovations recently:

- Parking lot resurfaced with updated lighting.

- Swimming pool and hot tub fully renovated with new equipment.

- Guest experience enhancements including new AC units in ten rooms and LED Smart TVs in six rooms.

- Updated linens valued at $30,000.

- Accessibility improvements with five handicap rooms modernized with acrylic bathtubs.

- Operational updates including new commercial dryers and upgraded water heaters.

Moreover, the property has been updated to meet the latest Comfort brand requirements with new signage on the building and an updated logo behind the front desk.

### Conclusion

The Comfort Inn at 4231 Industrial Ave #59 is more than just a hotel; it’s a strategic investment opportunity. Its prime location near major highways and key attractions in Lincoln ensures steady demand. With recent upgrades and future developments in the area promising growth, this property is poised to deliver strong returns for investors. Don’t miss out on this exceptional opportunity to own a thriving hospitality asset in Lincoln, NE!