Motel for Sale

Hospitality for Sale
Catylist Listing ID: 30817340
Property Subtypes: Motel
Number of Units: 120 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 2.95 Acres
Sale Price: $2,300,000
Unit Price: $19,166.67 Per Unit
Property Use Type: Investment, Business
Franchise Parent Name: Econo Lodge
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2022

Overview / Comments

Econo Lodge for Sale!

Great location across the street from the Corbin Arena. Surrounded by restaurants.
8 miles to Cumberland Falls National Park
5 miles to Laurel Lake

70 rooms have been fully renovated.
Parking lot paved 5 years ago.
Upgraded swimming pool.

Additional Details

Nearest MSA: London
County: Whitley
Tax ID/APN: 120-00-00-079.01
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,455 16,041 26,917
Median Age: 42.22 40.62 39.61
Households: 618 6,532 10,818

Contact

Photograph of Listing Agent

John Griess CCIM

Holrob KAAR CIE Member
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