1798 S Wilderness Rd - Hospitality FOR SALE


Mount Vernon, KY 40456
$1,000,000 USD
859-624-1440
1798 S Wilderness Rd, Mount Vernon, KY for Sale
$1,000,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

1798 S Wilderness Rd
Mount Vernon, KY 40456


HIGHLIGHTS

  • Excellent income producing opportunity!
  • Prime visibility!
  • Ample parking!

OVERVIEW

Excellent income producing opportunity. 46 unit motel located just off I75 in Mt Vernon and situated on 1.4 of an acre. The motel consists of 45 rooms available for guests: 33 rooms with King size 1 bed, 12 rooms with 2 queen size beds, 1 housekeeper room with kitchen apart from the 45 rooms, Front units were renovated in 2018 and some back units per Seller. Owner lives on site presently in attached owner's quarters that consists of 3 bedrooms and 2 bathrooms. KU electric, blacktop paved parking lot, storage building on site, all operating motel equipment stays and individual heat/air in each unit. Security cameras on the property. Priced to sell. Per previous title entrance is an easement (30ft)

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$47 USD /SF

# OF ROOMS

45

PRICE/ROOM

$22,222 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3Y MOTEL Mt. Vernon KY I-75

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.91 AC

LAND SF

83,330 SF

ZONING

R-1

APN/PARCEL ID

046E-00-041.01

ASK ABOUT THIS PROPERTY

Stacey KellyCentury 21 Advantage RealtyMore Info
859-624-1440

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Stacey KellyCentury 21 Advantage RealtyMore Info
859-624-1440

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