FOR SALE - 17 motel suites, 3 apartment units, and 12x15 storage shed. Great value-add opportunity to operate as a motel or possibility to re-position as office spaces with the current zoning. Great location off of a main corridor boasting 5,780 VPD and conveniently located near the highway 77/I-35 exchange and close to Walmart, Dillon's, the YMCA, Butler Community College, El Dorado lake, many different restaurants, parks, and gas stations. Additional 8,723 SF lot located to the South that could be used for expansion purposes also. The buildings consist of 10 double bed units and 10 single bed units with room rates ranging from $45-$65 per night. Reach out for more information or to set up a visit! Property can be sold as a package deal with 1128 N Main St, El Dorado, KS 67042. Properties to be sold As-is. Seller will make no repairs.
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General Features
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Apx Gross Building Sq Ft 8,713
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Building Size Sq Ft 5, 001 - 10, 000
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General Property Taxes 3910.79
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General Tax Year 2023
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Invest Package Available No
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Land Sq Ft 26574
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Location Central Business District,Freestanding
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Owner Paid Expenses Electricity, External Building Repairs, Gas, Internal Building Repairs, Janitorial, Mechanical Repairs, Personal Property Tax, Property Insurance, Real Estate Taxes, Sewer, Site Maintenance, Trash, Water
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Ownership Individual
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Present Use of Bldg Motel
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Property Type Motel/Hotel
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Speacial Taxes $0
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Special Tax Year 2023
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Tenant Paid Expenses None
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Terms Of Lease No Leases
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Year Built 1955
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Building Features
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Construction All Brick, Concrete-Block
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Heating Forced Air, Gas
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Cooling Central Air, Electric, Window Unit
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Electrical 110 Volt
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Floors Carpet, Other/See Remarks
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Miscellaneous Features Owner Storage
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Roof Asphalt, Composition
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Number of Stories one
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Loading Dock None
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Overhead Doors None
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Rail None
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Sidewall Height Less than 10 Ft
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Property Features
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Utilities Available City Sewer, City Water, Electric, Gas
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Flood Insurance Unknown
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Parking Parking Lot
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Road Frontage City Arterial