2920 10th St - Hospitality FOR SALE


Great Bend, KS 67530
$6,000,000 USD
219-363-1207
2920 10th St, Great Bend, KS for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/5
null | 12.98% Cap Rate

2920 10th St
Great Bend, KS 67530


OVERVIEW

This 90-room Best Western Angus Inn offers a stable investment with strong brand recognition and a multifaceted revenue stream. The 2-story interior/exterior-corridor property sits on 1.33 acres and features an indoor pool and spa, meeting room facilities, dry cleaning and laundry service, and an arcade game room. Great Bend serves as a vital regional hub for agriculture, oil and gas, manufacturing, and healthcare, attracting a steady flow of tourists, hunters, contractors and business travelers and outdoor enthusiasts. Located at 2920 10th St in Great Bend, KS, the hotel benefits from its position at the crossroads of major highways. Great Bend's proximity to Cheyenne Bottoms and the Wetlands and Wildlife National Scenic Byway ensures steady occupancy across multiple guest segments, making this an attractive opportunity for hospitality investors seeking a proven asset in the heartland of America. Investment Potential: This situation presents a compelling opportunity for a new owner, particularly one with fresh ideas and enthusiasm. The property is ideally suited for a young couple seeking an owner-operated management model, thereby reducing payroll and operating expenses. By implementing strategic marketing initiatives, a new owner can significantly increase revenue and profitability. Key Takeaways: Low down payment - 20% Main business is comprised of nature tourists, migratory bird hunters, Cargill and Tyson Foods contractors, and regional event attendees. The hotel is approximately 84 miles from Dodge City, 114 miles from Wichita, and . 252 miles from Kansas City. Ideal for an owner-operated management model to minimize expenses. Strategic marketing can unlock substantial revenue growth.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$125 USD /SF

# OF ROOMS

90

PRICE/ROOM

$66,667 {currency}

CAP RATE

12.98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Angus Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1977

PARKING SPACES

120

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

NR06

APN/PARCEL ID

189-29-0-40-42-008.00-0

ASK ABOUT THIS PROPERTY

Vijay PunianiNationwide Commercial FinancingMore Info
219-363-1207

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Vijay PunianiNationwide Commercial FinancingMore Info
219-363-1207

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