225 Sturgis Rd - Hospitality FOR SALE


Marion, KY 42064
$1,500,000 USD
714-349-6649
225 Sturgis Rd, Marion, KY for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/37
null | 8% Cap Rate

225 Sturgis Rd
Marion, KY 42064


HIGHLIGHTS

  • Owner financing available!
  • Great visibility!
  • Great investment opportunity!

OVERVIEW

ARE YOU LOOKING FOR OPPORTUNITY? You've found it at Royal Inn & Suites with 19 UNITS & ONSITE 4 BEDROOM 2 FULL BATH HOME (brand new metal roof added). Possible potential for additional expansion, liquor sales & on-site convenience store. Property has front office, gazebo, & ample parking. Hotel is ready for an owner-operator or can use home as additional rental income too! The property attracts both hunters & anglers as it is close to Lake Barkley. Another possible option could be turning hotel into longer term rental units for people looking for a relaxing, near the lake setting. Excellent road frontage & visibility for tourists passing through. Prime 2.7 AC Commercial Land! Opportunity for multi family development. New Highschool being completed, Water Plant & Courthouse nearing development! This could be your next BIG opportunity!! **Owner financing available for long term (3-5 years)** Owner financing with low down payment! Bring any offer!

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$75 USD /SF

# OF ROOMS

19

PRICE/ROOM

$78,947 {currency}

CAP RATE

8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1951

PARKING SPACES

21

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

C

APN/PARCEL ID

070-60-06-001.01

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-349-6649

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-349-6649

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