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1300 S West St
Olney, IL 62450
The Holiday Motel & Restaurant · Hospitality Property For Sale
·
92 Rooms
Executive Summary
NACRE is pleased to be the exclusive agent in connection with the solicitation of offers to acquire this hotel.
This is a redevelopment opportunity to start a hotel business with restaurant on site or convert in any business model as you like.
Beautiful building with all fixtures and furniture inside. Gaming machines are also on site.
Property Tours:
All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
This is a redevelopment opportunity to start a hotel business with restaurant on site or convert in any business model as you like.
Beautiful building with all fixtures and furniture inside. Gaming machines are also on site.
Property Tours:
All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Property Facts
| Price Per Room | $13,043 | Building Size | 61,475 SF |
| Sale Type | Investment | No. Rooms | 92 |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1964/2003 |
| Property Subtype | Hotel | Parking Ratio | 2.2/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 4.67 AC | Opportunity Zone |
Yes
|
| Zoning | C-2 - Commercial District | ||
| Price Per Room | $13,043 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.67 AC |
| Building Size | 61,475 SF |
| No. Rooms | 92 |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2003 |
| Parking Ratio | 2.2/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-2 - Commercial District |
Amenities
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 92 | $40.00 | - |
Property Taxes
| Parcel Number | 11-03-350-106 | Improvements Assessment | $291,600 |
| Land Assessment | $29,160 | Total Assessment | $320,760 |
Property Taxes
Parcel Number
11-03-350-106
Land Assessment
$29,160
Improvements Assessment
$291,600
Total Assessment
$320,760
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