W1915 Flame Rd - Hospitality FOR SALE


Marinette, WI 54143
$685,000 USD
737-217-7817
W1915 Flame Rd, Marinette, WI for Sale
$685,000 USD
Hospitality - FOR SALE
1/10
null | 21.55% Cap Rate

W1915 Flame Rd
Marinette, WI 54143


HIGHLIGHTS

  • Profitable 18-19 room Motel with Manager Apartment on 4.55 Acres
  • Established hospitality property serving contractors, regional travelers, fishermen, and hospital visitors.
  • Owner-operator opportunity generating strong cash flow.
  • Large land parcel offers expansion potential for RV sites, cabins, or storage development.
  • Located near major employers and outdoor recreation in Marinette, Wisconsin.

OVERVIEW

This is an 18-room motel with a 2-BR Manager's apartment, a rental apartment and a common area equipped for guest laundry and cooking along the bank of Lake Michigan and State Highway 41. Tourist and business area. 5 minutes to Walmart and hospital. Very close to fishing tournaments, Marinette shipyard, and local job centers. Huge parking lot, over 50 spaces including roughly 10 spaces for large semi-trucks to park, and electric outlets for boat plug in. Official snowmobile track runs inside the property. Well water with no water bill. Large lot with extra few acres in the back with lots of potential, such as self-storage and RV park. Daily rentals and weekly rentals make this business great all year round. Absentee owner wants to retire. Asking $685,000. PLEASE DO NOT CALL THE PROPERTY! If interested, please sign the attached NDA and email it to me so I can provide a more detailed P/L. Any questions, please call (737) 217-7817. I also respond to text messages quickly.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$156 USD /SF

# OF ROOMS

18

PRICE/ROOM

$38,056 {currency}

CAP RATE

21.55%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tarragon Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1989

PARKING SPACES

50

LAND DETAILS

LAND ACRES

4.55 AC

LAND SF

198,198 SF

ZONING

C

APN/PARCEL ID

024-01119.000

ASK ABOUT THIS PROPERTY

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737-217-7817

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Alice YipAlice YipMore Info
737-217-7817

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