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Budget Inn 100 5th St 34 Room Hotel Adair, IA 50002 $775,000 ($22,794/Room)



Investment Highlights
- High Traffic Location off Interstate I-80
Executive Summary
The Budget Inn 34-unit motel, conveniently located just off Exit 75 of Interstate 80, is perfectly positioned in a high-traffic area that benefits from significant visibility and accessibility. The surrounding environment is vibrant, filled with various businesses, restaurants, and services that cater to travelers and locals alike, making it an ideal spot for a motel. ### Key Features - **Well-Maintained Property**: The motel is in excellent condition, showcasing a commitment to upkeep and cleanliness. Each unit is designed for comfort, equipped with essential amenities to ensure a pleasant stay for guests. - **Operational Ready**: The sale includes all necessary furnishings, equipment, and systems to run the motel efficiently. This means new owners can step in without the need for major investments or renovations. - **Growth Potential**: With its strategic location and the surrounding business activity, there is substantial potential for growth. Opportunities may include: - **Enhanced Marketing**: Targeting business travelers, tourists, and local events. - **Partnerships**: Collaborating with nearby businesses for referral programs or package deals. No guarantee contained information is completely accurate. Any potential buyer should verify the information contained in this description ..
Property Facts
| Price | $775,000 | Building Size | 17,365 SF |
| Price Per Room | $22,794 | No. Rooms | 34 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1968 |
| Property Subtype | Hotel | Parking Ratio | 2.53/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.04 AC | ||
| Zoning | Commercial/Industrial - Commercial/Industrial | ||
| Price | $775,000 |
| Price Per Room | $22,794 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.04 AC |
| Building Size | 17,365 SF |
| No. Rooms | 34 |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 2.53/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial/Industrial - Commercial/Industrial |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 34 | $30.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01-03-301-001 | Improvements Assessment | $539,530 |
| Land Assessment | $141,000 | Total Assessment | $680,530 |
Property Taxes
Parcel Number
01-03-301-001
Land Assessment
$141,000
Improvements Assessment
$539,530
Total Assessment
$680,530
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Presented by
Thomas Realty
Budget Inn | 100 5th St
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