Available For Sale - Retail

13,944 SF

AVAILABILITY DETAILS

Size
13,944 SF
Price/SF
N/A - Contact for Info
Listing ID
SA516047
Notes
Historic boutique hotel with a proven niche market. The hotel is busy year-round with harvesters, hunters, construction workers, truckers, bicyclists (on the national bike route), tourists, travelers, temporary area help, and salesmen. Currently, sixteen rooms are online and rentable, of which all but one have private baths. Some of the decor is older but certainly clean and functional. The lobby is large, attractive, and welcoming. There is plenty of parking, good road access, and good visibility.

-additional fifteen rooms awaiting renovation

-computer and printer/fax machine

-on-site laundromat

-ice machine

-high-efficiency A/C and heating units

-supply room with all kinds of materials

-extra beds and furniture

-reservation system in place

-large basement

-over thirteen thousand square feet of space

-gas fireplace in the lobby

-last appraised 2018 $550,000

-current owner/manager on track for a $100,000+ year

Priced way below replacement cost, estimated to be $4,655,000 plus site costs (this is based conservatively at new construction prices of $350 per square foot).
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Lori Parker, Morningstar Management