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421 Rodeo Rd
North Platte, NE 69101
Cedar Lodge Motel · Hospitality Property For Sale
·
17,694 SF
Investment Highlights
- Excellent location
Property Facts
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1939 |
| Building Class | C | Parking Ratio | 1.07/1,000 SF |
| Lot Size | 1.26 AC | Corridor | Exterior |
| Building Size | 17,694 SF | ||
| Zoning | Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.26 AC |
| Building Size | 17,694 SF |
| No. Stories | 1 |
| Year Built | 1939 |
| Parking Ratio | 1.07/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
About 421 RODEO RD , NORTH PLATTE, NE 69101
The Cedar Lodge is a staple motel located on Rodeo Road in North Platte, NE. With its great location and property layout, this could be an investors dream. The office portion has a living area that could be made into more units or it could also be rented. Currently, most of the units are rented on a monthly basis, but there are some long term renters. The property has 3 gas furnaces that provide heat with individual thermostats in each room and central air A/C units. Currently, the property owner pays all utilities except cable TV. There are 31 units, and 6 studios with kitchenettes. There are approximately 500 sqft. per unit. Current rents are: $500 per month per unit/ $550 for an extra person or $600 per month per studio / $650 for an extra person. There are currently 7 vacancies. Profit/Loss information is available upon signing a non-disclosure agreement.
Property Taxes
| Parcel Number | 0000010.00 | Improvements Assessment | $208,976 |
| Land Assessment | $82,300 | Total Assessment | $291,276 |
Property Taxes
