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1614 Antique City Dr
Walnut, IA 51577
Econo Lodge Inn & Suites Walnut · Hospitality Property For Sale
·
19,500 SF

PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 1614 ANTIQUE CITY DR , WALNUT, IA 51577
This exceptional 40-room franchise motel, strategically located along Interstate Highway I-80, offers prime visibility and easy access for travelers. In the past three years, the property has undergone many upgrades, including the installation of a cutting-edge smart camera monitoring system, enhanced high-speed internet, and a modern telephone system capable of converting voice messages to text and sending them directly to email. Additionally, the motel includes a comfortable two-bedroom manager’s apartment, ensuring convenience for onsite management. With solid current revenues and significant potential for further growth, this property represents an outstanding opportunity for an experienced operator or an investor entering the hospitality industry. Its straightforward operations make it a perfect match for those seeking a manageable, yet rewarding business venture. The motel’s prime location is complemented by neighboring amenities, including two nationally branded gas stations, convenience stores, and a restaurant/meeting room—ideal for attracting and serving a wide range of guests. Located in the "Antique Capital of Iowa," the motel benefits from the area's steady influx of tourists and antique enthusiasts. Also included with the property is a 3-acre RV park with over twenty hookups (providing water and electricity), as well as shower and restroom facilities for guests. The RV park spans a 7-acre lot and has untapped potential for increased revenue, especially given the rising demand for RV accommodations. This turnkey opportunity requires approximately $350,000 down (negotiable terms available). For more information and to explore this remarkable investment, please contact us directly.
PROPERTY TAXES
| Parcel Number | 7738-04-300-007 | Improvements Assessment | $633,100 |
| Land Assessment | $135,200 | Total Assessment | $768,300 |
PROPERTY TAXES
Listing ID: 33598571
Date on Market: 10/22/2024
Last Updated:
Address: 1614 Antique City Dr, Walnut, IA 51577
