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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

Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 7.76 AC
Building Size 19,500 SF
No. Stories 2
Year Built/Renovated 1966/2011
Tenancy Single
Parking Ratio 6.12/1,000 SF
Corridor Interior
Zoning Commercial - Motel

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

PROPERTY TAXES

Parcel Number
7738-04-300-007
Land Assessment
$135,200
Improvements Assessment
$633,100
Total Assessment
$768,300
  • Listing ID: 33598571

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 1614 Antique City Dr, Walnut, IA 51577

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