830 W Highway 24 - Hospitality FOR SALE


Goodland, KS 67735
$785,000 USD
832-888-0034
830 W Highway 24, Goodland, KS for Sale
$785,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

830 W Highway 24
Goodland, KS 67735


OVERVIEW

Discover an exceptional investment opportunity with the Rodeway Inn located at 830 US-24, Goodland, KS 67735. Perfect for first-time hotel buyers, seasoned hoteliers, group investors, or hands-on owner-operators, this attractive hospitality asset presents a remarkable chance to capitalize on a prime location along the major I-70 highway. This substantial 2-story hotel property encompasses a total of 68 guest rooms with exterior corridor access across a sprawling 15,404 square feet. Positioned advantageously on a generous 2.96-acre lot, this hotel is strategically located just two hours from Denver, Colorado, making it an ideal stopover for highway travelers and offering considerable upside potential for revenue growth. The property uniquely includes two spacious residential apartments: one luxurious 3-bedroom apartment featuring a triple attached garage, ideal for comfortable owner occupancy or additional rental income, and a convenient 1-bedroom manager’s apartment with a fully equipped kitchen located directly above the office. The hotel complex boasts solid construction, initially established in 1984, with strategic expansions and developments continuing periodically through the 2000s. Significantly, the entire brick building underwent a comprehensive renovation in 2018, ensuring modern amenities and aesthetic appeal throughout. Notable amenities enhancing guest satisfaction and operational efficiency include: A mid-size swimming pool housed in a separate building, complete with modern pool equipment Extensive parking facilities, with over 80 parking spaces including heavy-duty parking accommodating up to 10 trucks, ideal for attracting trucking and logistics clientele Prime visibility and accessibility directly from the heavily trafficked US Highway 24 and I-70 Potential investors have the flexibility to operate the hotel independently or seamlessly continue its existing affiliation with the well-established Choice Franchise. Importantly, the hotel is fully compliant with Choice Hotels standards, featuring zero Property Improvement Plan (PIP) requirements, complete franchise-specific signage, and other branding assets ready for immediate operation. Do not miss this rare opportunity to secure a lucrative hospitality investment poised for success and significant returns.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$23 USD /SF

# OF ROOMS

68

PRICE/ROOM

$11,544 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn Goodland

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

68

LAND DETAILS

LAND ACRES

2.96 AC

LAND SF

128,938 SF

ZONING

-

APN/PARCEL ID

154-19-0-30-18-005.03-0

ASK ABOUT THIS PROPERTY

Sam MalikMilak, SamMore Info
832-888-0034

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Sam MalikMilak, SamMore Info
832-888-0034

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