1614 Antique City Dr - Hospitality FOR SALE


Walnut, IA 51577
$550,000 USD
712-800-8182
1614 Antique City Dr, Walnut, IA for Sale
$550,000 USD
Hospitality - FOR SALE
1/33
null | Request Cap Rate

1614 Antique City Dr
Walnut, IA 51577


HIGHLIGHTS

  • The Econo Lodge Inn & Suites Walnut provides a 40-room motel with prime visibility and access to potential guests traveling on I-80.
  • The motel has undergone comprehensive upgrades, including a new smart camera monitoring system, high-speed internet, and a modern telephone system.
  • Neighbored by nationally branded gas stations, convenience stores, and a restaurant and meeting room that is ideal for attracting/serving guests.
  • The property also includes an RV park equipped with 20+ hookups for water and electricity, providing an additional revenue stream.

OVERVIEW

The Econo Lodge Inn & Suites Walnut offers a 40-room franchise motel, strategically located along Interstate 80, with prime visibility and easy access for travelers. In the past three years, the property has undergone comprehensive upgrades, including the installation of a cutting-edge smart camera monitoring system, enhanced high-speed internet, and a modern telephone system capable of converting voice messages to text and sending them directly to email. Additionally, the motel includes a comfortable two-bedroom manager’s apartment, ensuring convenience for onsite management. With solid current revenues and significant potential for further growth, this property represents an outstanding opportunity for an experienced operator or an investor entering the hospitality industry. Its straightforward operations make it a perfect match for those seeking a manageable yet rewarding business venture. The motel’s prime location is complemented by neighboring amenities, including two nationally branded gas stations, convenience stores, and a restaurant/meeting room—ideal for attracting and serving a wide range of guests. Located in the "Antique Capital of Iowa," the motel benefits from the area's steady influx of tourists and antique enthusiasts. The property also features an RV park equipped with over twenty hookups offering water and electricity, along with convenient shower and restroom facilities for guests. With the growing demand for RV accommodations, this park presents significant potential for generating additional revenue. This is a turnkey opportunity and is being sold as is. For more information and to explore this remarkable investment, please contact us directly.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$28 USD /SF

# OF ROOMS

40

PRICE/ROOM

$13,750 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Inn & Suites Walnut

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1966

PARKING SPACES

40

LAND DETAILS

LAND ACRES

7.76 AC

LAND SF

338,026 SF

ZONING

Commercial

APN/PARCEL ID

7738-04-300-007

ASK ABOUT THIS PROPERTY

Yongguang GaoG & Y Lodging LLCMore Info
712-800-8182

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Yongguang GaoG & Y Lodging LLCMore Info
712-800-8182

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