220 Minnow Springs Ave
Noel, MO 64854
Arthur Murray's Motel · Hospitality Property For Sale · 4,608 SF

There is GREAT INCOME POTENTIAL!! This is in the popular city of Noel. Traffic in the summertime is highly elevated due to our beautiful creeks and rivers! 12,000 + visit us on the weekends! Only one other motel in the County! A few details for Arthur Murray’s Motel, 220 Minnow Springs Ave., Noel, Mo. Owner says he turns away more customers thank he takes. He is owner of a Resort also and doesn’t have enough time or energy for both. He says he sends a lot of customers to Econolodge as they are the other Motel in the County. You only get a room here if you call ahead. His sign always says “No Vacancy” as he works by reservation only. He has the rest of the summer booked every weekend. Then a car show in October where the Whole Motel will be rented for the week. Total = $10,570 for a week of every room full. There is a lot of income potential in this Motel, with room to grow. Approximately 5700 Sq. ft. 14 Rooms to rent out in all: 6 singles rent (daily) at $85 summer rate. $65 winter rates 5 Doubles (2 queen beds per room) rent (daily) at $125 summer rate. $105 winter rates 3 Suits (small fridge, private patio and setting area.) $125.00 Each Unit controls its own heat and air, both Electric Each Room features a flat screen TV with Dish Network (at $39.00 a month for all, all the equipment has been purchased), beds with memory foam mattresses, private bath, outside entrance and parking. Also: Two Bedroom Living Quarters with Living room, Kitchen, full bath, utility room with washer and dryer, Secure Office and lobby. All fully furnished. Maintenance Room Common Area, with Refrigerator, microwave, and vending machine. Relax area, with Dock-overlooking Elk River, Fire pit, picnic tables and grills. Extra Lot, with sewer and water hook-ups, for expansion, also has river frontage. Security system to phone or on screen in office. Pex Pipe Plumbing throughout. Hot water heater and dryer are natural gas. Total Remodel in April 2017, Tour out down to the studs and completely redone. Most of the units are tile. There are some that have indoor/outdoor carpet. EXPENSE PER YEAR: Electric=$4304.90 a year. Water= $588.04 a year Sewer= $703.90 a year Insurance= $3,040.80 a year Gross Net for 3 months of weekends only for 2016=$38,787.50 Gross Net for 5 months weekends only for 2017= $57,887.43 Gross Net for 2018= So far $39,762.00 with the weekends booked through 2 weeks in August and Car show in October.