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Americas Best Value Inn Arkansas City 1617 N Summit St 47 Room Hotel Arkansas City, KS 67005 $885,000 ($18,830/Room) 9.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Property is situation on the main road around all the food and shopping
- Building a new Starbucks block away
- Multiple Casinos within couple of miles
- Major Corridor between (no toll) North IOWA, Kansas and south Kansas Oklahoma Arkansas
- McDonalds, Wendys, Taco Bell , Arby's, Love Gas station, Japanese Stake House, Dollar Tree, Ace hardware, Walmart close by
- New roof added 2022.
EXECUTIVE SUMMARY
Franchise Hospitality Business with property for sale, Americas Best Value Inn Franchise part of Red Lion and Sonesta.
47 Rooms, Total of three buildings swimming pool. Office with living quarter 3 bedrooms & 3 bathrooms. Breakfast lobby, office.
almost 7 acres of land. Barnd new roof less than 3 years, All metal 30 years roof(130k) will save you money on insurance, property is located in the middle of the town with shops around. McDonald, Wendys, Taco Bell, Long Jong Silver, Arby's Aces Hardware dollar tree, Starbucks is building a new Coffee shop, Restaurants. Location is corridor for from North Kansas to South Kansas to Oklahoma, Multiple casinos with in 5 miles. Narby big Business included Creekstone Farms, Rubbermaid, GE Kemps and others. Absentee owner please do not disturb employees, Direct sales no broker involved to keep cost low to the new owner. No owner financing, Price Based on 3.65
47 Rooms, Total of three buildings swimming pool. Office with living quarter 3 bedrooms & 3 bathrooms. Breakfast lobby, office.
almost 7 acres of land. Barnd new roof less than 3 years, All metal 30 years roof(130k) will save you money on insurance, property is located in the middle of the town with shops around. McDonald, Wendys, Taco Bell, Long Jong Silver, Arby's Aces Hardware dollar tree, Starbucks is building a new Coffee shop, Restaurants. Location is corridor for from North Kansas to South Kansas to Oklahoma, Multiple casinos with in 5 miles. Narby big Business included Creekstone Farms, Rubbermaid, GE Kemps and others. Absentee owner please do not disturb employees, Direct sales no broker involved to keep cost low to the new owner. No owner financing, Price Based on 3.65
PROPERTY FACTS
| Price | $885,000 | Lot Size | 6.60 AC |
| Price Per Room | $18,830 | Building Size | 15,596 SF |
| Sale Type | Investment | No. Rooms | 47 |
| Cap Rate | 9.44% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1964/2000 |
| Property Type | Hospitality | Parking Ratio | 3.98/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | C-3 - General Commercial District | ||
| Price | $885,000 |
| Price Per Room | $18,830 |
| Sale Type | Investment |
| Cap Rate | 9.44% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 6.60 AC |
| Building Size | 15,596 SF |
| No. Rooms | 47 |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2000 |
| Parking Ratio | 3.98/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-3 - General Commercial District |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 47 | $78.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 306-24-0-10-01-010.00-0 | Improvements Assessment | $87,053 |
| Land Assessment | $10,373 | Total Assessment | $97,426 |
PROPERTY TAXES
Parcel Number
306-24-0-10-01-010.00-0
Land Assessment
$10,373
Improvements Assessment
$87,053
Total Assessment
$97,426
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Dipti Hospitality Texas LLC
Americas Best Value Inn Arkansas City | 1617 N Summit St
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