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Browse More Listings in Hotel & Motel For Sale, Florence, KY or Kentucky

Hotel / Motel For Sale

Knights Inn Florence

8049 Dream St., Florence, KY 41042

Price:
$2,600,000
No. Rooms:
112
Building Size:
35,000 SF
Price/Room:
$23,214.29
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Cap Rate:
12.36%
Average Daily Rate:
$30
No. Stories:
1
Year Built:
1969
Corridor:
Yes
Lot Size:
3.70 AC
Find Out More...

Last Verified 11/13/2009 Listing ID 15840667

Highlights

Outdoor pool

Description

112 Rooms, 5 buildings, 1 story, built in 1969, exterior corridor, 3.7 +/- acres, outdoor pool.

I-75 & I-71, Florence, Kentucky

Financial Summary

Actual
Year
2007
Scheduled Gross Income
$987,540
Operating Expenses
$666,264
Net Operating Income
$321,276

Map of 8049 Dream St., Florence, KY 41042 (Boone County)

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Presented by

Baltes Commercial Realty

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Contact Listing Broker

Terry Baltes (937) 438-6700 Ext: 1

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Created 8/8/2008

Additional Information for 8049 Dream Street, Florence, KY 41042

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 8049 Dream St., Florence, KY 41042

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Economy/Limited Service
Sold 2Q 2007

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - Knights Inn Florence

8049 Dream St., Florence, KY, 41042