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406 N 1st Street, Hiawatha, KS

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406 N 1st Street

Hiawatha, KS 66434-1899

Property Type:Hospitality Number of Rooms:26 Status:Existing Year Built:1955
Stories:1 Building Size:10,014 SF Land Area:.53 AC (23,087 SF)
For Sale Price:$425,000 Price/Room:$16,346 Cap Rate:-

Parking:2.59 Parking Spaces / 1,000 SF

Sale Notes:
Independent Motel/Price Reduction/New Metal Roof


This property is an independent, well maintained 2-building, 26 room motel. Owners recently remodeled the majority of the property with new beds, carpets, drapes, heating/air conditioning units, HD televisions, microwaves, refrigerators, coffee makers and other common amenities. The property features a spacious 1 bedroom managers apartment. Property has a large laundry facility with a separate room for maintenance and storage. The motel is in a great location and is well-established, proven turn-key business. The great reputation and consistent repeat business makes this motel an excellent investment opportunity.

The property is situated at the crossroads of commerce in the center of the heart of America where highways 36 and 73 converge in Northeast Kansas.

The property is located 1 mile north of busy Hwy 36. The city is distinguished by its classic country charm; being in the historic 19th century downtown area featuring delightful boutiques, local establishments and the hometown businesses that serve the community. Attractions include numerous restaurants and fast food establishments, casino gaming, fishing and some of the best hunting around. Outdoor recreational opportunities are limitless.

The property is 18 miles south of the Nebraska border and about 40 miles west of the Missouri border. Hwy 75 is just minutes away, and Interstate 29 and 70 are easily accessible. Located within an hour drive of Topeka, KS and St. Joseph, MO; and one and a half hour drive to Kansas City, and KCI airport. Lincoln and Omaha NE are within easy driving distance.

Mary Ananzeh
Mary Ananzeh
(708) 715-5588

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