606 W Holme St - Hospitality FOR SALE


Norton, KS 67654
$550,000 USD
916-248-0550
606 W Holme St, Norton, KS for Sale
$550,000 USD
Hospitality - FOR SALE
1/20
null | 9.09% Cap Rate

606 W Holme St
Norton, KS 67654


HIGHLIGHTS

  • Operational Upside Opportunity
  • Strong Margin Potential
  • Attractive Entry Price Point for Owner Operator Opportunity

OVERVIEW

Attractive Entry Price Point for Owner-Operator Opportunity - Low operating costs - Simple management structure Operational Upside Opportunity - Improved revenue management - Increase expense control and operational efficiencies - Potential rebranding and property upgrade to increase Average Daily Rate (ADR) High Demand for Affordable Lodging -Road Travelers -Construction and workforce crew Strong Margin Potential Strategic Location Potential - Along Highway 36 - Franchise or Branding Opportunity

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$57 USD /SF

# OF ROOMS

26

PRICE/ROOM

$21,154 {currency}

CAP RATE

9.09%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hillcrest Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

IL

APN/PARCEL ID

088-34-0-10-14-002.00-0

ASK ABOUT THIS PROPERTY

Cristopher MartinHillcrest MotelMore Info
916-248-0550

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Cristopher MartinHillcrest MotelMore Info
916-248-0550

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