14 N State St - Hospitality FOR SALE


Iola, KS 66749
$1,499,000 USD
323-496-9736
14 N State St, Iola, KS for Sale
$1,499,000 USD
Hospitality - FOR SALE
1/21
null | Request Cap Rate

14 N State St
Iola, KS 66749


HIGHLIGHTS

  • 54 Room Hospitality Asset ($34,259/Room)
  • Owner Selling Real Estate & Business
  • In Place Cash Flow (NOI $250,000)
  • Offers Short and Long Term Stays
  • Diverse Demand Drivers

OVERVIEW

Secure a lucrative foothold in the heart of the city with the Regency Inn, a premier hospitality property located at 14 N State St, Iola, KS 66749. This 54-key, two-story hotel spans 35,540 square feet on a prominent 1.35-acre lot zoned C-4, presenting a highly efficient, turnkey acquisition. Offering unparalleled financial strength for savvy investors, this opportunity boasts a powerful 50% Net Operating Income (NOI), consistent income streams, and an exceptional cash-on-cash return—selling at an attractive 2.8 times revenue. Perfect for a smooth operational transition, the asset is uniquely positioned for massive upside under an absentee owner. Financing is already structured for maximum accessibility, featuring a lender-approved prequalification with just 15% down. Priced aggressively at $1,499,900 ($27,776 per key), this high-yield commercial asset is engineered to deliver strong, immediate cash flow that will exceed market expectations. Inquire today to secure a rewarding addition to your portfolio.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$42 USD /SF

# OF ROOMS

54

PRICE/ROOM

$27,759 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regency Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

C-4

APN/PARCEL ID

078-27-0-40-13-005.00-0

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
323-496-9736

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
323-496-9736

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