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.