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26417480
26417481

4201 US-41, Evansville, IN 47711

SE
IN IN RB15000270, KY 291439
NAI Commercial Services
Listed by NAI Commercial Services
$1,500,000
528 days on market
Updated 19 days ago

Independent Motel - 102 Keys

Details
APN 82-06-09-034-299.022-020
Property Type Hospitality
Sub Type Motel
Square Footage 25,080
Keys 102
Broker Co-Op Yes
Year Built 1973
Stories 2
Acreage 2.000
Investment Type Value Add

Hospitality | 102 Keys

Marketing description

RECENT RENOVATIONS / EXTERIOR PAINTED / NEW LANDSCPAING. Nearly all rooms have been updated by the owner with new paint, flooring, and finishes in alignment with the branding standards of several major economy hotel franchises, providing flexibility for future rebranding opportunities. Heating and cooling are managed by PTAC units, the majority of which have been replaced within the last five years.

This 102-unit motel, located near the regional airport, has been operated by the current owner since 2010 under various names, including Motel 6 (until approximately 2020), Motel 41, and its current name, PT6 Motel. The property features masonry block wall construction typical of its era, with uniformly sized rooms offering single or double bed configurations.

Nine units have been converted into a master apartment where the owner resides. The property includes a small on-site office and laundry facilities, enhancing operational convenience.

Seller built a 60'x20' building designed for self storage on the north end of the property that they use for business storage but could be a source of additional rental income.

Strategically located near the regional airport along a major highway on the north side of Evansville, IN, this area has experienced substantial redevelopment over the past 24 months. Directly to the south, a prominent mixed-use shopping center now features a newly opened restaurant, fitness club, and indoor shooting range. Additionally, the former Clarion Inn at the Lynch Road intersection is undergoing an extensive renovation and transformation into residential apartments.

Investment highlights

High unit count

Close to demand drivers

Located in improving area

Value add opportunity through rebranding with national flag

Listing Contacts

SE
IN IN RB15000270, KY 291439
NAI Commercial Services
Listed by NAI Commercial Services

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Zoning

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M-2 IndustrialGeneral Industrial
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Last updated Apr 24, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Scott Edmond
License
IN RB15000270
Brokerage
NAI Prime Commercial
Brokerage Phone
8124361113
Title
Managing Director
Brokerage Address
3420 E Morgan Ave Suite A
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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