1121 S Sam Houston Blvd - Hospitality FOR SALE


Houston, MO 65483
$899,000 USD
417-889-9400
1121 S Sam Houston Blvd, Houston, MO for Sale
$899,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

1121 S Sam Houston Blvd
Houston, MO 65483


HIGHLIGHTS

  • Location along main highway of town.
  • Excellent restaurant space to serve the local community.
  • Manager's Apartment and updated guest rooms.

OVERVIEW

The Lazy L Motel is an eighteen room motel, restaurant and banquet room located on S Sam Houston Boulevard (Highway 63) in Houston Missouri. The property also includes an office, a manager’s apartment, a laundry, guest laundry and a hospitality/vending room. The restaurant has both indoor and outdoor seating. The banquet room has seating for 100+/-. Parking is available in front of the rooms and additional parking is available behind the restaurant. The guest rooms are nicely appointed with flat screen TVs and mini-fridges. This property is in good condition and ready to go for a new owner/operator. The current owners closed the property late last year due to family illness. They are available to assist during the transition process.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$150 USD /SF

# OF ROOMS

18

PRICE/ROOM

$49,944 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lazy L Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,443 SF

ZONING

HC1

APN/PARCEL ID

20-0.3-07-004-002-002

ASK ABOUT THIS PROPERTY

Mary ZileKingsley GroupMore Info
417-889-9400

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Mary ZileKingsley GroupMore Info
417-889-9400

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