108 Pearl St - Hospitality FOR SALE


Bedford, IA 50833
$109,900 USD
206-503-1682
108 Pearl St, Bedford, IA for Sale
$109,900 USD
Hospitality - FOR SALE
1/32
null | 25% Cap Rate

108 Pearl St
Bedford, IA 50833


OVERVIEW

The Skylark Motel presents an affordable opportunity to acquire an operating hospitality property with immediate income and significant room for expansion. The property includes 15 guest rooms plus separate manager’s quarters, situated on approximately 1.3 acres. Nine rooms are currently operating and producing revenue, with several occupied by long-term guests. The existing office was previously configured as a tenth guest room with a kitchenette and could potentially be converted back, while five additional rooms offer the opportunity to renovate and reopen—allowing a new owner to substantially increase the property’s available inventory and revenue. Two additional buildings are located on the property and could be renovated for additional uses or removed to create space for future improvements. The septic system was recently serviced. The motel is well positioned to serve contractors, traveling workers, extended-stay guests and visitors to the surrounding area. Additional workforce-lodging demand is anticipated as Black Maple Energy begins construction activity in the county this fall. With existing operations, long-term occupancy and multiple avenues for value creation, the Skylark Motel is an attractive opportunity for an owner-operator or investor seeking an affordable hospitality property with meaningful upside.

FOR SALE DETAILS

PRICE

$109,900 USD

PRICE/SF

$45 USD /SF

# OF ROOMS

15

PRICE/ROOM

$7,327 {currency}

CAP RATE

25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Skylark Motel by OYO

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1951

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

Commercial

APN/PARCEL ID

000404000000000

ASK ABOUT THIS PROPERTY

Hunter MooreLodgic ManagementMore Info
206-503-1682

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Hunter MooreLodgic ManagementMore Info
206-503-1682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.