1900 W 76 Country Blvd, Branson, MO 65616

We offer 3% to a buyer's agent at close.

Looking for an opportunity to create "sweat equity", at an amazing cost per key, in one of the top tourist locations in the US?

At $9k per key this is one of the lowest priced motels listed in the US- and there is nothing on the market at this price in a top tourism area.

Property consists of a 70 key, 5 story, exterior corridor, fixer upper motel(that was apartments in the past) , plus 2 bed, 1 bath office/manager apartment, on 1.07 acres.

This has high visibility- it's on the main street of a town that gets 10 million visitors per year.

"Entertainment" zoning allows for multiple uses besides motel.

Multifamily (24 unit) or workforce may be possible.

We have a professional property condition report from before we purchased with contractor estimates of $797 k for rehab, Ptacs, FFE

• Those figure could be higher or lower depending on property use, scope of work/level of finish, and one’s skill in negotiating material and contractor bids.

But- using that figure- you'd be “all in" on a newly rehabbed property- at $20k per key.

Potential income?

Again- that would depend (greatly) on the plan, operator skill, etc.

But- as a rough “ pro forma"

70 rooms rented for a conservative $40 ADR is $2800 per day

If you took 35 days off for the winter (330 days open) your annual gross income is $924k.

With a 70 percent expense ratio- net operating income is almost $280k. And realistic as most things would be new.

Using an 8.33 cap rate for a sale or refi- value would be over $3,326,400.

That's over $1.5 million in potential equity.

• The operating cap rate at full asking price and $800k is 19.8 percent.

None of those are guaranteed- and it's a heavy lift projects but that's the potential upside… and why it's a great deal for the right person.

Acre lot- hillside with views.

Swimming pool under deck in front.

Solid concrete (including roof decking) and structurally sound- but needs FULL remodel including roof covering, electric, plumbing, ptacs, and interior finish.

Has standpipes/valves from a fire hose system should you desire to add sprinklers later.

Just over an acre of land and under a mile from Dolly Parton's Stampede- one of Branson's biggest attractions.

Just across the street from "Grand Country" a resort with indoor water park, go carts, and more.

Close to aquarium/boardwalk.

Please note- we do not allow contract assignments.

May take full or partial trade on free and clear real estate.

More pics/videos available on request