6200 Melton Rd - Hospitality FOR SALE


Gary, IN 46403- Miller
$3,500,000 USD
219-781-9547
6200 Melton Rd, Gary, IN for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/36
null | 20.26% Cap Rate

6200 Melton Rd
Gary, IN 46403
Miller


OVERVIEW

SELLER SAYS BRING ALL OFFERS!!! Welcome to Mosley Motel, located in the charming town of Miller Beach, Gary, Indiana. This property is a rare opportunity for those seeking an extended stay hotel in a prime location. The Mosley Motel boasts 113 keys, providing ample space for guests looking to stay for a night, a week, or even longer. One of the significant advantages of this property is that it is not associated with a brand or flag, providing potential buyers with a unique opportunity to create a personalized experience for their guests. The property features a spacious recreational area, perfect for guests to unwind and relax during their stay. Another significant advantage of the Mosley Motel not being associated with a brand or flag is that it currently has no Property Improvement Plan (PIP) requirements. This means that potential buyers have the freedom to make their own upgrades and renovations to the property without being constrained by brand standards or mandatory improvements. This flexibility can save buyers time, money, and hassle, as they can customize the property to meet their specific needs and vision. One of the most significant advantages of this property is its strategic location, just two miles from Marquette Beach Park and Lake Street Beach. These pristine beaches attract thousands of visitors each year, making the Mosley Motel an ideal location for travelers looking for a comfortable place to stay. In addition to the excellent location, potential buyers will appreciate the property's current zoning, which allows for a range of exciting opportunities. While we cannot list specific potential uses, we encourage buyers to explore the various options available to them. Please note that there are no STR or statistic reports available for this property. However, occupancy and P/L reports will be provided to serious buyers. In summary, the Mosley Motel presents an incredible opportunity for those seeking to invest in an extended stay hotel in a prime location. With its versatile zoning, proximity to beaches, ample space for guests, and flexibility to customize without brand constraints, this property is sure to attract a range of interested buyers.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$88 USD /SF

# OF ROOMS

113

PRICE/ROOM

$30,973 {currency}

CAP RATE

20.26%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mosley Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

85

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,893 SF

ZONING

COMM

APN/PARCEL ID

45-09-06-478-001.000-004

ASK ABOUT THIS PROPERTY

John MathewsoneXp CommercialMore Info
219-781-9547

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John MathewsoneXp CommercialMore Info
219-781-9547

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