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1315 N State St
Iola, KS 66749
Americas Best Value Inn Iola · Hospitality Property For Sale
·
31,160 SF
Investment Highlights
- Offered at less than $20,000/room
- Newer case goods, electronic locks, carpet, paint, lamp package, beds & bed frames
- Spacious 2-bedroom living quarters w/remodeled full kitchen
- Leased on-site restaurant ($1000/month)
- 40" flat screen TV's
- SBA Financing available
Property Facts
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1964/2020 |
| Building Class | C | Parking Ratio | 4.27/1,000 SF |
| Lot Size | 5.06 AC | Corridor | Exterior |
| Building Size | 31,160 SF | ||
| Zoning | Hotel/Motel | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.06 AC |
| Building Size | 31,160 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2020 |
| Parking Ratio | 4.27/1,000 SF |
| Corridor | Exterior |
| Zoning | Hotel/Motel |
Amenities
- Business Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
About 1315 N STATE ST , IOLA, KS 66749
The ABVI in Iola, KS, has a history of consistent revenue, profitability and pride of ownership. This 58-room property offers guests a variety of room types, including suites and oversized rooms. The owners of the property have made many improvements, including newer carpet, paint, case goods, lamp package, bed frames and electronic locks in all guestrooms. All rooms include a 40” LCD TV, microwave and mini fridge. The hotel has a very nice 2-bedroom living quarters, complete with a full kitchen and large living room. There is an on-site restaurant, Vaqueras II Mexican Restaurant. which was recently remodeled & updated by the tenant. The restaurant brings in leased income of $1000/month. Iola, with a population of 5500, is located just 1.5 hours from Kansas City and Wichita. It is the county seat of Allen County (population 12,500) and features a strong business climate with several companies. Notable demand generators include: Russell Stover Candies Gates Corporation (rubber manufacturing) Columbia Metal Products (storm doors & windows) TRAMEC, LLC Monarch & Ash Grove Cement National Guard Allen County Community College This ABVI features all the attributes of an attractive investment. That is, historical revenue, solid cash flow, a strong business model and an active business town. SBA financing is available. Please call or email for details!
Property Taxes
| Parcel Number | 077-26-0-20-04-005.00-0 | Improvements Assessment | $159,000 |
| Land Assessment | $8,670 | Total Assessment | $167,670 |
Property Taxes
