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229 W Pancake Blvd
Liberal, KS 67901
Budget Inn La Fonda Motel · Hospitality Property For Sale
·
46 Rooms
Investment Highlights
- 44-room motel asset located along a well-traveled commercial corridor
- Positioned to serve transient, workforce, and regional travel demand
- Visibility from Pancake Boulevard with nearby national and local businesses
- Convenient access to U.S. Highway 54 and surrounding service retail
- Established hospitality use with potential for operational upside
Executive Summary
This property offers a great mix of business and living space. The Budget Inn La Fonda is a 46-room operating motel located right along Highway 54, giving it great visibility and easy access for travelers. A restaurant on-site is currently leased, providing steady rental income.
There’s a large parking lot with space for big trucks, making it convenient for guests. Behind the office is a private 1-bedroom home with 1.5 bathrooms, a spacious living room, full kitchen, and three outdoor wood storage rooms—perfect for an owner or manager to live on-site.
The property also includes a two-story building with 14 rooms, currently closed, that could be turned into apartments or used for other income opportunities.
This is a great chance to live where you work, expand your business, or invest in a high-traffic location.
Owner financing is available!
There’s a large parking lot with space for big trucks, making it convenient for guests. Behind the office is a private 1-bedroom home with 1.5 bathrooms, a spacious living room, full kitchen, and three outdoor wood storage rooms—perfect for an owner or manager to live on-site.
The property also includes a two-story building with 14 rooms, currently closed, that could be turned into apartments or used for other income opportunities.
This is a great chance to live where you work, expand your business, or invest in a high-traffic location.
Owner financing is available!
Property Facts
| Price Per Room | $19,543 | Building Size | 10,000 SF |
| Sale Type | Investment | No. Rooms | 46 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1956/2019 |
| Property Subtype | Hotel | Parking Ratio | 4.6/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.90 AC | ||
| Zoning | Commercial - Commercial | ||
| Price Per Room | $19,543 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.90 AC |
| Building Size | 10,000 SF |
| No. Rooms | 46 |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2019 |
| Parking Ratio | 4.6/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial - Commercial |
Amenities
- Business Center
- Pool
- Restaurant
About 229 W PANCAKE BLVD , LIBERAL, KS 67901
229 W Pancake Blvd is a 44-room motel property located along a primary commercial corridor in Liberal, Kansas. The site offers strong visibility and convenient access to U.S. Highway 54, benefiting from regional traffic and proximity to nearby retail, dining, and service-oriented businesses. The property is well positioned to serve transient travelers, workforce lodging demand, and regional visitors. Its room count and layout provide an opportunity for continued operation or repositioning, making it suitable for investors seeking exposure to the hospitality sector in a stable southwest Kansas market.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $87.00 | - |
| Guest Room | 44 | $53.00 | - |
Property Taxes
| Parcel Number | 193-05-0-10-22-012.00-0 | Improvements Assessment | $10,690 |
| Land Assessment | $18,500 | Total Assessment | $29,190 |
Property Taxes
Parcel Number
193-05-0-10-22-012.00-0
Land Assessment
$18,500
Improvements Assessment
$10,690
Total Assessment
$29,190
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