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Royal Inn 225 Sturgis Rd 19 Room Hotel Marion, KY 42064 $1,500,000 ($78,947/Room)
INVESTMENT HIGHLIGHTS
- Owner financing available!
- Great investment opportunity!
- Great visibility!
EXECUTIVE SUMMARY
ARE YOU LOOKING FOR OPPORTUNITY? You've found it at Royal Inn & Suites with 19 UNITS & ONSITE 4 BEDROOM 2 FULL BATH HOME (brand new metal roof added). Possible potential for additional expansion, liquor sales & on-site convenience store. Property has front office, gazebo, & ample parking. Hotel is ready for an owner-operator or can use home as additional rental income too! The property attracts both hunters & anglers as it is close to Lake Barkley. Another possible option could be turning hotel into longer term rental units for people looking for a relaxing, near the lake setting. Excellent road frontage & visibility for tourists passing through. Prime 2.7 AC Commercial Land! Opportunity for multi family development. New Highschool being completed, Water Plant & Courthouse nearing development! This could be your next BIG opportunity!! **Owner financing available for long term (3-5 years)**
Owner financing with low down payment! Bring any offer!
Owner financing with low down payment! Bring any offer!
PROPERTY FACTS
| Price | $1,500,000 | Lot Size | 2.70 AC |
| Price Per Room | $78,947 | Building Size | 20,000 SF |
| Sale Type | Investment | No. Rooms | 19 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1951 |
| Property Subtype | Hotel | Parking Ratio | 1.05/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C - Commercial | ||
| Price | $1,500,000 |
| Price Per Room | $78,947 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.70 AC |
| Building Size | 20,000 SF |
| No. Rooms | 19 |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 1.05/1,000 SF |
| Corridor | Exterior |
| Zoning | C - Commercial |
AMENITIES
- Public Access Wifi
- Digital key
ABOUT 225 STURGIS RD , MARION, KY 42064
This property is in a prime location with construction of a new courthouse, high school and solar plant all being built near the motel. A multimillion dollar housing development project is set to be constructed in the vicinity which will bring in a affluent population. There is a new highway being built connecting I-24 and I-69 in the vicinity. I-69 offers a beautiful, scenic route from Canada down to Mexico creating a perfect setting for the road-trippers of the World.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 19 | $49.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 070-60-06-001.01 | Improvements Assessment | $25,000 |
| Land Assessment | $25,000 | Total Assessment | $50,000 |
PROPERTY TAXES
Parcel Number
070-60-06-001.01
Land Assessment
$25,000
Improvements Assessment
$25,000
Total Assessment
$50,000
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Royal Inn | 225 Sturgis Rd
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