14845 State Road 156 - Hospitality FOR SALE


Florence, IN 47020
$1,550,000 USD
859-653-1487
14845 State Road 156, Florence, IN for Sale
$1,550,000 USD
Hospitality - FOR SALE
1/6
null | 5.5% Cap Rate

14845 State Road 156
Florence, IN 47020


OVERVIEW

41-room hospitality opportunity located directly across from Belterra Casino Resort in Florence, Indiana. The Fairway Inn has operated under long-term ownership for approximately 22 years & offers established operations with strong regional demand drivers & owner-operator potential. The property consists of approximately 19,542 sqft with 41 guest rooms plus a 1-bedroom manager apartment with kitchen & living area. Recent improvements include a new metal roof installed in 2024 with ownership maintaining the property throughout their operation. Sale includes substantially all furniture, fixtures, equipment (FF&E), including beds, linens, appliances, computers, office equipment, & operational inventory currently used in the operation of the business. Existing staffing & operational infrastructure are in place, offering a turnkey hospitality opportunity with continued upside potential in a destination-driven market.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$79 USD /SF

# OF ROOMS

42

PRICE/ROOM

$36,905 {currency}

CAP RATE

5.5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairway Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2002

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

CH

APN/PARCEL ID

78-13-01-100-003.001-008

ASK ABOUT THIS PROPERTY

Kent DaileyRE/MAX Victory + AffiliatesMore Info
859-653-1487

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Kent DaileyRE/MAX Victory + AffiliatesMore Info
859-653-1487

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