14 Room Motel
- Listing Id: 2199
- Broker Name: Kay Davis
- Category: Hotels and Motels
- Asking Price: $345,000.00
- EBITDA: $473,000.00
- Real Estate: $2,600,000.00
- Cash Flow: $62,990.00
- Inventory: $1,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $188,264.00
- FF&E: $30,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Westport Island
- State: ME
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Property consists of 3 well kept and maintained buildings. One building contains 4 double rooms, the motel laundry/storage and a guest gazebo. The main building has 1 double, 1 triple, 1 kitchenette, 7 single rooms, a utility room (with storage for tools, supplies, etc.), an attached game cleaning room and there is a nice 2 bedroom owners quarters that has direct access to the motel office. All motel rooms have small refrigerator, microwave, ceiling fans, ceiling lights, reading lamps, HDTVs-26" or 32" with cable, glider rockers, desk/chairs, new beds, radio alarm clocks, cordless phones, and individual heat/AC controls. The third building is a 22’x 32’ foot garage that has two overhead garage doors and a walk in door. The main lot is 200’ x 160’ and has at-door hard surface parking. There is an adjoining 169’x 115’ lot with no buildings that is primarily used for truck parking. This property has excellent curb appeal, steady income and if you are looking for a smaller Iowa motel this is one motel that would be hard to beat. Priced at $345,000 Offers Welcome!!
Financial Summary
N/A
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