1515 Blue Acres St - Hospitality FOR SALE


Crete, NE 68333
$995,000 USD
402-740-1833
1515 Blue Acres St, Crete, NE for Sale
$995,000 USD
Hospitality - FOR SALE
1/9
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1515 Blue Acres St
Crete, NE 68333


OVERVIEW

Rare Opportunity for Turn-Key Motel AND Retail Restaurant with Tenant! Consistently 30-40% occupied with no advertising, no website and no media presence. All guests are currently monthly. 2023 Room Gross $159,195.13 2024 Room Gross $173,068.86 2025 Room Gross $128,400.70 - (Seller began health problems) Hotel has living quarters consisting of a 2 bed, 1 bath and kitchen for owner or manager. There is also a one car garage on the property for owner/manager. Restaurant lease is month to month with tenant paying $1800 monthly, (has been as high as $2,000/mo) Tenant pays their own insurance, inside maintenance and snow removal. Restaurant also houses a 4 bed 1 bathroom apartment that is currently included in the rent. Has gas furnace and central air, new in 2022/2023. Hotel and restaurant both had entire roofs replaced in 2022. Of the 38 rooms: 27 window AC/Heat units have been replaced. 15 new bathtubs/shower surrounds have been replaced. 38 toilets are new. All 38 units have had the carpet replaced in the last 4 years. Rooms consist of 26 Double Queens, 9 Kings, 1 Handicap and 2 King Suites. There are 2 storage closet/rooms, a maid cart room and 1 employee bathroom.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$68 USD /SF

# OF ROOMS

38

PRICE/ROOM

$26,184 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crete Inn and Retail Restaurant

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1972

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,006 SF

ZONING

A02

APN/PARCEL ID

760019541

ASK ABOUT THIS PROPERTY

Wes EwasiukBHHS Ambassador Real EstateMore Info
402-740-1833

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Wes EwasiukBHHS Ambassador Real EstateMore Info
402-740-1833

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