Hotel & Restaurant for Sale

Hospitality for Sale
Catylist Listing ID: 30741691
Property Subtypes: Extended Stay, Hotel, Other
Number of Units: 28 Units
Building Size (RSF): 7,964 SF
Gross Building Area: See Agent
Gross Land Area: 1.47 Acres
Sale Price: $1,295,000
Unit Price: $46,250 Per Unit
Property Use Type: Investment, Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

Turn Key Opportunity with quick ROI located in the center of the Louisville Metro area. Established extended stay hotel with restaurant and bar plus Real Estate for sale. Extended stay hotel almost 100% occupied. Average tenant tenure 6-10 years. Combined businesses generate immediate cash flow with a great Cap Rate. Both businesses are currently in operation. Seller is wanting to be descrete. No showings prior to 2p ET Moday - Friday. All showings are by appointment only (no walk-ins) and would require an NDA before financials are provided.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 061601690000
Zoning: C-2 - Commercial District
Property Condition: Good
Year Built: 1962
Total Parking Spaces: 55
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,673 108,930 312,296
Median Age: 38.03 38.07 37.3
Households: 3,053 47,734 136,813

Contact

Photograph of Listing Agent

Stephanie L Gilezan

EXP Realty LLC KCREA Member
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