173 Carroll Rd - Hospitality FOR SALE


Benton, KY 42025
$3,950,000 USD
812-471-2500
173 Carroll Rd, Benton, KY for Sale
$3,950,000 USD
Hospitality - FOR SALE
1/2
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173 Carroll Rd
Benton, KY 42025


HIGHLIGHTS

  • Excellent location near Grand Rivers, Murray State, and Paducah.
  • Great visibility from I-69.

OVERVIEW

SVN | The Martin Group is pleased to present the Quality Inn – Benton - Draffenville, Kentucky. This well-maintained and recently renovated property provides investors / operators with 55 rooms that cater to travelers, theater patrons, outdoor enthusiasts, fisherman, college athletics fans of nearby Murray State, youth sports participants, and tourists visiting the Western Kentucky Lakes region. This property has recently undergone and extensive property improvement program that includes replacing common space carpets, painting hallways, replacing bedframes, furniture and headboards, upgrading room lighting, removing wallpaper, and paining rooms. Upgrades also include the replacement of the pool dehumidifier and filtration system. This well-run hotel has a steady staff, strong referral connections with local entertainment venues and local houses of worship, placing it as a valued asset in the community and one with an excellent reputation of a quality of stay and consistent good service. For more detailed financial information, please request a CA from the property specialist, Richard Clements. For Kentucky regulatory purposes, the Listing Broker is John Steven Martin, KY# 38017 The Quality Inn – Benton - Draffenville, Kentucky (Exit 47 on I-69) is ideally located near the gateway to Kentucky Lake, Barkley Lake and Land Between the Lakes, home to the outdoor wonderland of Western Kentucky enjoyed by over seventeen million visitors each year. Just 15 minutes away from Grand Rivers, the Lakes Gateway, the area hosts the annual Bluegrass, Brew, & BBQ festival, is home to the 320 seat Badgett Playhouse, and hosts many other annual events such as the Quilt Show and Arts & Crafts Festivals, the Hunter’s Moon Festival, and many others. This property also benefits from its close proximity to Murray State University, who host over 43,000 football fans each autumn, the 530 seat Kentucky Opry Theater (4 miles away) that host performances from March through October, Mike Miller County Park that hosts baseball and softball tournaments in the spring, summer, and fall, and the Paducah / Metropolis metro area (27 minutes away), which is home to Harrah’s Casino, the 1800 seat Carson Center, the Clemens Fine Arts Center, the Market House Theatre, and the Paducah Improv. Property Highlights -55 rooms that include: Four 1-bedroom suites with kitchenette and jet tub / Five King Bed Suites / Two Queen Bed Suites / Three Accessible Suites (2 King, 1 Queen) / Twenty-One ---Standard King Rooms / Nineteen Standard Queen Rooms / One Small Queen Room. -24 Seat Breakfast Area -Indoor Pool with Outdoor Patio -Meeting Room / Small Conference Center -61 Space Parking Lot with 120V electric plug available for boats and trailers -Additional parking for tractor trailers and larger RVs -Nearly completed PIP (95%) that included lobby and hallway carpets, hallway painting, case good replacements, headboard and bed frame replacement -Owner/Operator Property with 12 Housekeeping Staff / 6 Front Desk Managers

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$113 USD /SF

# OF ROOMS

55

PRICE/ROOM

$71,818 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn & Suites Benton - Draffenville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

75

LAND DETAILS

LAND ACRES

3.54 AC

LAND SF

154,202 SF

ZONING

CM

APN/PARCEL ID

0D-03-00-073.02C000

ASK ABOUT THIS PROPERTY

Chris StuardSVN | The Martin GroupMore Info
812-471-2500

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Chris StuardSVN | The Martin GroupMore Info
812-471-2500

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