Log In/Sign Up
Your email has been sent.
Mosley Motel 6200 Melton Rd 113 Room Hotel Gary, IN 46403 $3,500,000 ($30,973/Room) 20.26% Cap Rate
EXECUTIVE SUMMARY
SELLER SAYS BRING ALL OFFERS!!!
Welcome to Mosley Motel, located in the charming town of Miller Beach, Gary, Indiana. This property is a rare opportunity for those seeking an extended stay hotel in a prime location. The Mosley Motel boasts 113 keys, providing ample space for guests looking to stay for a night, a week, or even longer.
One of the significant advantages of this property is that it is not associated with a brand or flag, providing potential buyers with a unique opportunity to create a personalized experience for their guests. The property features a spacious recreational area, perfect for guests to unwind and relax during their stay.
Another significant advantage of the Mosley Motel not being associated with a brand or flag is that it currently has no Property Improvement Plan (PIP) requirements. This means that potential buyers have the freedom to make their own upgrades and renovations to the property without being constrained by brand standards or mandatory improvements. This flexibility can save buyers time, money, and hassle, as they can customize the property to meet their specific needs and vision.
One of the most significant advantages of this property is its strategic location, just two miles from Marquette Beach Park and Lake Street Beach. These pristine beaches attract thousands of visitors each year, making the Mosley Motel an ideal location for travelers looking for a comfortable place to stay.
In addition to the excellent location, potential buyers will appreciate the property's current zoning, which allows for a range of exciting opportunities. While we cannot list specific potential uses, we encourage buyers to explore the various options available to them.
Please note that there are no STR or statistic reports available for this property. However, occupancy and P/L reports will be provided to serious buyers.
In summary, the Mosley Motel presents an incredible opportunity for those seeking to invest in an extended stay hotel in a prime location. With its versatile zoning, proximity to beaches, ample space for guests, and flexibility to customize without brand constraints, this property is sure to attract a range of interested buyers.
Welcome to Mosley Motel, located in the charming town of Miller Beach, Gary, Indiana. This property is a rare opportunity for those seeking an extended stay hotel in a prime location. The Mosley Motel boasts 113 keys, providing ample space for guests looking to stay for a night, a week, or even longer.
One of the significant advantages of this property is that it is not associated with a brand or flag, providing potential buyers with a unique opportunity to create a personalized experience for their guests. The property features a spacious recreational area, perfect for guests to unwind and relax during their stay.
Another significant advantage of the Mosley Motel not being associated with a brand or flag is that it currently has no Property Improvement Plan (PIP) requirements. This means that potential buyers have the freedom to make their own upgrades and renovations to the property without being constrained by brand standards or mandatory improvements. This flexibility can save buyers time, money, and hassle, as they can customize the property to meet their specific needs and vision.
One of the most significant advantages of this property is its strategic location, just two miles from Marquette Beach Park and Lake Street Beach. These pristine beaches attract thousands of visitors each year, making the Mosley Motel an ideal location for travelers looking for a comfortable place to stay.
In addition to the excellent location, potential buyers will appreciate the property's current zoning, which allows for a range of exciting opportunities. While we cannot list specific potential uses, we encourage buyers to explore the various options available to them.
Please note that there are no STR or statistic reports available for this property. However, occupancy and P/L reports will be provided to serious buyers.
In summary, the Mosley Motel presents an incredible opportunity for those seeking to invest in an extended stay hotel in a prime location. With its versatile zoning, proximity to beaches, ample space for guests, and flexibility to customize without brand constraints, this property is sure to attract a range of interested buyers.
PROPERTY FACTS
| Price | $3,500,000 | Building Size | 39,791 SF |
| Price Per Room | $30,973 | No. Rooms | 113 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 20.26% | Year Built | 1960 |
| Property Type | Hospitality | Parking Ratio | 2.14/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.88 AC | ||
| Zoning | COMM | ||
| Price | $3,500,000 |
| Price Per Room | $30,973 |
| Sale Type | Investment |
| Cap Rate | 20.26% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.88 AC |
| Building Size | 39,791 SF |
| No. Rooms | 113 |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.14/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | COMM |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 113 | $65.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 45-09-06-478-001.000-004 | Improvements Assessment | $385,000 |
| Land Assessment | $68,300 | Total Assessment | $453,300 |
PROPERTY TAXES
Parcel Number
45-09-06-478-001.000-004
Land Assessment
$68,300
Improvements Assessment
$385,000
Total Assessment
$453,300
1 of 37
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Mosley Motel | 6200 Melton Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.