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$725,000
5,937 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 5,937 sqft
Price per Sqft $122
Subdivision City Limits
MLS Listing ID 26015816
Year Built 1971
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Hotel/Motel
Property Description
Don't miss this exceptional investment opportunity! This 16-room hotel sits on approximately 1 acre of commercially zoned property with outstanding frontage on a major roadway within city limits, offering excellent visibility and long-term growth potential. located just 2.3 miles from I-75 interstate. The property is currently leased under a 5-year Triple Net (NNN) lease, providing a stable income stream while minimizing owner responsibilities. With the current lease in place, the rental income is designed to cover the property's carrying costs, making this an attractive opportunity for investors seeking immediate cash flow. Beyond its current income, this property offers tremendous long-term potential. Its prime location, generous lot size, and increasing demand for well-positioned commercial real estate make it a valuable addition to any investment portfolio. Continue operating under the existing lease, or explore future redevelopment and business opportunities as the area continues to grow. Whether you're a seasoned investor or looking to diversify your portfolio, this property combines reliable income today with strong appreciation potential for tomorrow. Invest in a property that offers income today and exciting possibilities for the future. Prior to the 5 year current lease, the property was cash flowing itself as monthly room rentals. As inflation keeps increasing, the demand for economy style monthly rentals increase as well.
Location
State KY
County Laurel
Zoning R-1
Interior
Heating Ductless
Cooling Wall Unit(s)
Exterior
Utilities Available Electricity Available, Natural Gas Not Available, Sewer Available, Water Available
View Y/N N
Handicap Access No
Private Pool No
Building
Sewer Public Sewer
Others
Special Listing Condition Standard
Pool YN No
Handicap Accessible YN No
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Listed by Keller Williams Legacy Group
Nearby School & Business
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