This Hotel & Motel Property is Off-Market.

144 North Joe B. Hall Avenue
Shepherdsville, KY 40165 ·

98 Rooms · Hotel & Motel For Sale



Motel 6, KY

Price N/A Property Type Hotel & Motel
No. Rooms 98 Property Sub-type Economy/Limited Service
Building Size 40,000 SF Property Use Type Vacant/Owner-User
Listing ID: 17568982 Date Created: 03/12/2012 Last Updated: 09/23/2013


*****The Property is Back on the Market******

This 98 keys, two stories, interior corridor asset is well located at an exit off Interstate 65. It is about 19 miles south of downtown Louisville, KY and about 15 miles from Louisville International Airport. At an asking price of $ 2.1 million, at $21,000 per key, the property offers a great opportunity for an owner operator or even an investor.

The property was renovated in 2011 with nearly $400,000 in capital improvements. The property shows very nice and no major PIP is anticipated from Motel 6. In 2008 the property attained revenues of nearly $850,000. With newly renovated property and improving economy the property is capable of reaching the 2008 revenues and beyond.

In 2011 the property attained nearly $700,000 in revenues with the Net Operating Income (NOI), of nearly $332,000. At a market rate financing for a new purchaser the property provides app. $210,000 to an owner operator after mortgage with over 40% Return on Investment (ROI).

The Shepherdsville lodging market is fairly stable. The leisure demand is generated by Interstate 65 while other local small to medium sized businesses and contractors provide the corporate demand. Additional demand in the market will be generated by former Six Flags Kentucky Kingdom amusement park, expected to reopen in May 2013, employing 25 people full-time and 800 seasonal workers.


144 North Joe B. Hall Avenue, Shepherdsville, KY 40165 (Bullitt County)

Shepherdsville Market Trends - Asking price index trends, sale price trends, asking rent trends

Vinit Mody's Other Listings

  • 943 S. High Street
    943 S. High Street

    West Chester, PA 19382

    For Sale · $6,900,000

    72,000 SF Building

    Full Service

  • 34 Eastbrook Road
    34 Eastbrook Road

    Ronks, PA 17572

    For Sale · $3,200,000

    19,000 SF Building

    Economy/Limited Service

  • 2307 Lincoln Highway East
    2307 Lincoln Highway East

    Lancaster, PA 17602

    For Sale · $6,000,000

    35,000 SF Building

    Economy/Limited Service

  • 1012 Front Street
    1012 Front Street

    Binghamton, NY 13905

    For Sale · $2,950,000

    36,000 SF Building

    Economy/Limited Service

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)