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Downtown Motel and Diner 1208 Oklahoma Ave 28 Room Hotel Woodward, OK 73801 $662,500 ($23,661/Room)

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INVESTMENT HIGHLIGHTS

  • Updated HVAC for Office
  • Current tenants in the restaurant
  • New Windows

EXECUTIVE SUMMARY

Beautifully remodeled motel and restaurant ready for new ownership!! This business has undergone massive improvements over the last few years! New flooring, windows, hvac, granite countertops, updated kitchen equipment in the restaurant (which already has some fantastic tenants), new electrical panels, sheetrock, paint, and so much more. These owners have taken this motel and made it light and airy for both occupants and future owners! They have even extended the parking lot on the East side of the building all the way to Texas Ave! This fully functional business is already running so all you gotta do is jump on board!!
This property has 22 single rooms, 4 deluxe rooms, and 2 super deluxe rooms, along with office, break room with kitchenette, restaurant with full kitchen, and additional laundry area in the added storage building out front.

PROPERTY FACTS

Price $662,500
Price Per Room $23,661
Sale Type Investment
Sale Condition Business Value Included
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.52 AC
Building Size 9,600 SF
No. Rooms 28
No. Stories 2
Year Built/Renovated 1968/2022
Parking Ratio 2.4/1,000 SF
Corridor Exterior

AMENITIES

  • Restaurant
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 28 $44.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0001-00-079-010-0-000-00
Land Assessment
$3,713
Improvements Assessment
$20,075
Total Assessment
$23,788
  • Listing ID: 34313521

  • Date on Market: 12/28/2024

  • Last Updated:

  • Address: 1208 Oklahoma Ave, Woodward, OK 73801

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