for sale
Mayfair Motel
2040 Lafayette Rd | Indianapolis, IN 46222
Investment Highlights
- 60 units, single story, exterior corridor
- Offered at $21,660/key
- Situated on 2.45 acres, just 4 miles from the highly desirable Indianapolis Motor Speedway
- Significant upside: revenue performance of $200K is based on 20 operational units
- Manager’s apartment adjacent to office & laundry room for operational efficiency
- Motivated seller
Property Description
The Bowman Post Group of NewGen Advisory is pleased to present for sale the Mayfair Motel – Indianapolis, IN. This motor lodge style property features 60 guestrooms on 2,45 acres. The current management is only operating 20 rooms, providing the new owner great upside potential. The manager’s apartment offers an owner-operator a great opportunity to maximize operational efficiency. This asset offers great potential with as it is unencumbered by management or franchise and could suit various change-of-use options.
Well located in central Indianapolis, with nearby attractions like Lucas Oil Stadium, the Indianapolis Motor Speedway, and the Indianapolis Zoo, the Mayfair Motel – Indianapolis, IN is poised to capture additional revenue and provide a return for its new ownership.
Location Description
Indianapolis pulses with a unique blend of Midwestern charm and urban energy. Explore world-class museums like the Children’s Museum of Indianapolis, catch a race at the iconic Indianapolis Motor Speedway, and savor the burgeoning culinary scene in neighborhoods like Mass Ave. From the scenic canal walk to the vibrant arts districts, Indianapolis offers a surprisingly diverse and welcoming experience.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Jayesh “Jay” Bhima
Associate
IN #RB23000299
(805) 866-0486
jbhima@newgenadv.com
BROKER OF RECORD
Andrew Post
NewGen Advisory IN, LLC
IN #RB20000344