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Southmoreland On The Plaza 116 E 46th St 14 Room Hotel Kansas City, MO 64112 $3,200,000 ($228,571/Room)

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INVESTMENT HIGHLIGHTS

  • Steps Away From 45th & Main Streetcar Stop (2025)
  • High Occupancy Arts District
  • Commercial Kitchen
  • Kansas City's Most Desirable Submarket
  • Rooms Featuring Jetted Bathtubs, Fireplaces, and Private Balconies

EXECUTIVE SUMMARY

Southmoreland, a unique 14 room boutique hotel, offers self-service in a historic mansion near KC's top attractions. Ideal for business travelers, getaways, or corporate retreats, guests have the option of renting individual suites or booking the whole house for large get togethers. Renovated in 2020, Southmoreland has experienced steady growth as Kansas City's hotel industry has started to return to pre-pandemic levels and presents a compelling investment opportunity. Kansas City's leisure travel has been driven by its sizable events drawing people nationwide and conventions benefitting midweek business travelers.
Ideal location, walkable to surrounding amenities and entertainment districts including, but not limited to the Country Club Plaza, Westport Entertainment District, the Nelson Atkins Art Museum, Kansas City Art Institute, The Kemper Museum, and much more. With the Main St Streetcar extension anticipated for completion in Spring of 2025, guests will be steps away from the 45th & Main Streetcar stop connecting them to Crown Center, the Crossroads Arts District, the CBD, and the River Market!

PROPERTY FACTS

Price $3,200,000
Price Per Room $228,571
Sale Type Investment
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.44 AC
Building Size 11,595 SF
No. Rooms 14
No. Stories 3
Year Built/Renovated 1910/2020
Tenancy Single
Parking Ratio 1.21/1,000 SF
Corridor Interior
Zoning R-1.5

AMENITIES

  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Fiber Optic Internet

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 14 $203.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-520-13-07-00-0-00-000
Land Assessment
$32,758
Improvements Assessment
$449,290
Total Assessment
$482,048
  • Listing ID: 32031692

  • Date on Market: 6/5/2024

  • Last Updated:

  • Address: 116 E 46th St, Kansas City, MO 64112

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