1605 Mount Pleasant St - Hospitality FOR SALE


Burlington, IA 52601
$500,000 USD
309-430-9303
1605 Mount Pleasant St, Burlington, IA for Sale
$500,000 USD
Hospitality - FOR SALE
1/2
null | 20% Cap Rate

1605 Mount Pleasant St
Burlington, IA 52601


HIGHLIGHTS

  • Within downtown
  • Located on a public transportation route
  • 1 and a half miles from the Casino
  • Located in close proximity to the Burlington Bees Baseball Stadium

OVERVIEW

It's a great opportunity for a first-time owner or an investment. It's a great upside for a hands-on operator to increase profit with online marketing. The current Owner is retiring. This is a good income generator with low overhead expenses. Onsite leaving quarters as well. The property is selling for as is with 8 of the rooms renovated in 2023.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$58 USD /SF

# OF ROOMS

33

PRICE/ROOM

$15,152 {currency}

CAP RATE

20%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincolnville Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,203 SF

ZONING

C2

APN/PARCEL ID

11-32-162-024

ASK ABOUT THIS PROPERTY

Sunny GandhiLincolnville MotelMore Info
309-430-9303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sunny GandhiLincolnville MotelMore Info
309-430-9303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.