Plaza Inn 3810 SW Topeka Blvd 78 Room Hotel Topeka, KS 66609 $1,200,000 ($15,385/Room)

Prime Investment Opportunity. This family operated 78 rooms motel (19 Kitchenette Rooms) includes a 4-bedroom manager apartment attached to the front desk. This hotel is perfect for family operation. New roof replacement in April 2022. It is ideally located near a major interstate and key city thoroughfare, ensuring steady traffic and excellent accessibility. Located in a designated Tax Increment Financing (TIF) district, this property qualifies for potential tax incentives, making it even more attractive for investors looking to maximize their return.
Important Note: Meadow Acers Inn located just 1.3 miles from Plaza Inn will be demolished very soon because of the redevelopment project. Please see attached "Meadow Acres Inn Development Project" file. Due to this project, 70+ hotel rooms will be eliminated which will have a positive impact on Plaza Inn's revenue.