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- LoopNet Team
2536 Hansen Ln
Altoona, WI 54720
Otter Creek Inn Bed & Breakfast · Hospitality Property For Sale
·
2,340 SF
INVESTMENT HIGHLIGHTS
- Motivated Seller!
- 6 Guest rooms each with fireplace & jacuzzi
- Turnkey business with training
- Established cash flowing B&B
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Bed and Breakfast | Year Built/Renovated | 1950/2018 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.02 AC | Parking Ratio | 2.99/1,000 SF |
| Building Size | 2,340 SF | Corridor | Interior |
| Zoning | C - Zoned Residential | ||
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | C |
| Lot Size | 1.02 AC |
| Building Size | 2,340 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2018 |
| Tenancy | Single |
| Parking Ratio | 2.99/1,000 SF |
| Corridor | Interior |
| Zoning | C - Zoned Residential |
AMENITIES
- High Speed Internet Access
- Patio
- Bed & Breakfast
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ABOUT 2536 HANSEN LN , ALTOONA, WI 54720
Just reduced by 100K! Motivated Seller is moving out of state. The Otter Creek Inn is a classic EnglishTudor-style B&B that has been in business for over 35 years. The Inn features 6 guest rooms, each with aprivate bath, gas fireplace, and jacuzzitub. The rooms are tastefully decoratedand offer every modern amenity. In addition to the suites, the private owner’s/staff quarters include 2 bedrooms, 1bath, kitchen, and living space. The 1.02 acre lot has landscaped grounds, courtyard with gazebo, and majestic towering trees. Updated in 2018 and 2020, with a new roof, insulation, beds, mattresses, appliances, and hot water heater. Property features a heated 12+ car garage, 2 car maintenance garage, and guest parking. The B&B has an occupancy rate of 72.6% with over $244,000 in annual revenues and just over $100,000 in net operating income. The property is being sold turnkey, with training. Effective marketing plan and staff already in place. New responsive website that features a state-of-the-art booking engine and retail shop. Extremely high guestratings on multiple travel agency websites.
PROPERTY TAXES
| Parcel Number | 18201-2-270927-140-0004 | Improvements Assessment | $524,900 |
| Land Assessment | $83,700 | Total Assessment | $608,600 |
PROPERTY TAXES
