INVESTMENT OPPORTUNITY. A converted motel that features 51 total units across three continuous buildings, with 44 currently rentable, offering strong potential cash flow. The 46 studio units are simple and easy to maintain, and in quality condition. There are 5 one- bedroom units, two of which can be built out by new ownership. There is immense potential to increase revenue through strategic updates and modernized approach, as only roughly 60% of the total units are currently being rented.
North Platte is home to local attractions and major transportation routes, including Union Pacific Railroads, Bailey Yard. Also, with many new developments in the area, including a beef packing plant, Sustainable Beef, scheduled to be fully operational Spring 2025, employing over 800 employees that will bring housing in much needed demand, thus creating potential increase in competitive revenue.