2420 Commerce Rd - Hospitality FOR SALE


Goodland, KS 67735
$1,250,000 USD
805-557-8857
2420 Commerce Rd, Goodland, KS for Sale
$1,250,000 USD
Hospitality - FOR SALE
1/25
null | Request Cap Rate

2420 Commerce Rd
Goodland, KS 67735


HIGHLIGHTS

  • 75 units, two-story, exterior corridor
  • Offered at $16,667/key
  • Easy access from Interstate 70
  • Located 3 hours to Denver and Colorado Springs
  • Upside: Operating at 24.4% of the RevPAR index

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Motel 6 – Goodland, KS. Located off the I-70 corridor, this 75-room, two-story Motel 6 is just 3 hours to Denver and Colorado Springs and offers an excellent investment opportunity. Centrally located for an owner with a Great Plains investment portfolio, this property could continue to run absentee and would remain a great deal. Furthermore, for a first-time investor, this would be a terrific property for an owner-operator, as the current management leaves upside to be captured. Currently the Motel 6 – Goodland, KS is operating at just 24.4% of the RevPAR index compared to the competitive set. Built in 1979, the franchise-operated property spans 4.80 acres with 80 surface parking spaces. This economy hotel benefits from high visibility and easy highway access. Zoned C2, the property is well-positioned for continued success in the growing hospitality market.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$54 USD /SF

# OF ROOMS

75

PRICE/ROOM

$16,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Goodland, KS

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

80

LAND DETAILS

LAND ACRES

4.8 AC

LAND SF

209,088 SF

ZONING

C2

APN/PARCEL ID

167-25-0-10-01-009.00-0

ASK ABOUT THIS PROPERTY

Andrew PostNewGen AdvisoryMore Info
805-557-8857

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Andrew PostNewGen AdvisoryMore Info
805-557-8857

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