3810 SW Topeka Blvd - Hospitality FOR SALE


Topeka, KS 66609- South/Southeast 3
$1,200,000 USD
785-266-8880
3810 SW Topeka Blvd, Topeka, KS for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

3810 SW Topeka Blvd
Topeka, KS 66609
South/Southeast 3


HIGHLIGHTS

  • Located in a designated Tax Increment Financing (TIF) district, this property qualifies for potential tax incentives.

OVERVIEW

Prime Investment Opportunity. This family operated 78 rooms motel (19 Kitchenette Rooms) includes a 4-bedroom manager apartment attached to the front desk. This hotel is perfect for family operation. New roof replacement in April 2022. It is ideally located near a major interstate and key city thoroughfare, ensuring steady traffic and excellent accessibility. Located in a designated Tax Increment Financing (TIF) district, this property qualifies for potential tax incentives, making it even more attractive for investors looking to maximize their return. Important Note: Meadow Acers Inn located just 1.3 miles from Plaza Inn will be demolished very soon because of the redevelopment project. Please see attached "Meadow Acres Inn Development Project" file. Due to this project, 70+ hotel rooms will be eliminated which will have a positive impact on Plaza Inn's revenue.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$20 USD /SF

# OF ROOMS

78

PRICE/ROOM

$15,385 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.27 AC

LAND SF

273,121 SF

ZONING

C PUD

APN/PARCEL ID

134-19-0-20-03-018-030

ASK ABOUT THIS PROPERTY

Tarun DesaiPlaza InnMore Info
785-266-8880

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Tarun DesaiPlaza InnMore Info
785-266-8880

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