40 Room Motel

Spirit Lake, IA (Dickinson County)

40 Room Motel

Asking Price:$600,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:N/A

40 Room Motel

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Business Description

The motel property consists of 2 buildings all ground level. The original building is L-shaped, has at door parking and consists of 24 guest rooms of which there are 7 Double rooms, 16 Single rooms and 1 Triple room. The owners quarters is attached to this building and consists of a large kitchen/dining room area which is open to the living room. There are three bedrooms and a full
basement. From the living quarters you have direct access to the motel laundry and lobby area. The lobby has direct access to a nice sized room set up with tables and chairs where guests can enjoy a continental breakfast. The second building has interior corridors and 16 guest rooms of which 12 are Double rooms and 4 are Single rooms. All rooms have TV’s, microwaves, and mini-refrigerators. The property includes a
detached 2 car over sized garage. The approximate land size is 3.1 acres with plenty of room for a garden. The current owner has owned this motel for 14 plus years and is ready to move on to other interests. He says this motel would make a great starter
motel for a small family. Priced to Sell at $600.000.

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Kay Davis

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Kay Davis

United Country Real Estate

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