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Frontier Motel 12015 E State Route 350 22 Room Hotel Kansas City, MO 64138 $1,799,999 ($81,818/Room) 8.89% Cap Rate
Executive Summary
Great cash flowing property located near Raytown and Lees Summit
75% occupancy annually average with no online marketing currently. Excellent opportunity to boost occupancy and increase revenues. A definite value added opportunity.
21 total rooms but only 19 have been in use as owners occupied two rooms for personal use.
Weekly rental rates are $375k
8 are weekly /
11 overnight
$225k average gross annual revenue
Laundry room (22nd Room )
2.6 acres total
Link to more pictures
https://drive.google.com/drive/folders/1MWVMiQvXbotW9PAudCFdZnl1Bce9U1jo
75% occupancy annually average with no online marketing currently. Excellent opportunity to boost occupancy and increase revenues. A definite value added opportunity.
21 total rooms but only 19 have been in use as owners occupied two rooms for personal use.
Weekly rental rates are $375k
8 are weekly /
11 overnight
$225k average gross annual revenue
Laundry room (22nd Room )
2.6 acres total
Link to more pictures
https://drive.google.com/drive/folders/1MWVMiQvXbotW9PAudCFdZnl1Bce9U1jo
Property Facts
| Price | $1,799,999 | Lot Size | 1.34 AC |
| Price Per Room | $81,818 | Building Size | 7,983 SF |
| Sale Type | Investment | No. Rooms | 22 |
| Cap Rate | 8.89% | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1950/1970 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | c | ||
| Price | $1,799,999 |
| Price Per Room | $81,818 |
| Sale Type | Investment |
| Cap Rate | 8.89% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.34 AC |
| Building Size | 7,983 SF |
| No. Rooms | 22 |
| No. Stories | 1 |
| Year Built/Renovated | 1950/1970 |
| Corridor | Exterior |
| Zoning | c |
Amenities
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $95.00 | - |
1 1
Property Taxes
| Parcel Number | 44-930-05-16-01-1-00-000 | Improvements Assessment | $23,955 |
| Land Assessment | $68,010 | Total Assessment | $91,965 |
Property Taxes
Parcel Number
44-930-05-16-01-1-00-000
Land Assessment
$68,010
Improvements Assessment
$23,955
Total Assessment
$91,965
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Frontier Motel | 12015 E State Route 350
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