1931 Lacy Dr - Hospitality FOR SALE


Junction City, KS 66441
$2,950,000 USD
405-316-0170
1931 Lacy Dr, Junction City, KS for Sale
$2,950,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

1931 Lacy Dr
Junction City, KS 66441


HIGHLIGHTS

  • Traffic Counts: US-77 has 11,600 VPD & I-70 has 24,500 VPD
  • Renovated guest rooms and interior common areas early 2024

OVERVIEW

Located at 1931 Lacy Drive, Junction City, Ks, this 3-story former Motel 6 offers a rare value-add opportunity for hotel investors, developers, or multi-family converters. Hotel recently closed its doors and is no longer open. • Traffic Counts: US-77 has 11,600 VPD & I-70 has 24,500 VPD • 60+ keys across 3 stories • Elevator and pool • Renovated guest rooms and interior common areas early 2024 • I-70 frontage with quick access to Ft. Riley and Manhattan • Current Hotel brand contract is up leaving full flexibilty to rebrand or convert to multifamily

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$119 USD /SF

# OF ROOMS

60

PRICE/ROOM

$49,167 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

STATUS

Under Renovation

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Junction City, KS

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1999

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

IL

APN/PARCEL ID

115-22-0-00-00-002.00-0

ASK ABOUT THIS PROPERTY

Sasha McCrackenLandmark Commercial Real EstateMore Info
405-316-0170

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Sasha McCrackenLandmark Commercial Real EstateMore Info
405-316-0170

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