2011 N Broadway St, Poteau, OK 74953

The Economy Inn is a 16-room motel strategically located on Broadway Street, one of the busiest and most visible commercial corridors in Poteau, Oklahoma. Within a two-mile radius, there are at least nine other hotels, making this a well-established hospitality district.

Poteau is a growing regional city, just 40 minutes from Fort Smith, Arkansas, drawing both travelers and long-term residents. The motel was originally built around the 1970s–1980s and includes a two-bedroom manager’s apartment, ideal for owner-operators or live-in management.

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Area Growth & Location Advantage

Since the current ownership began in 2020, the surrounding area has experienced significant commercial development. At least four to five new fast-food restaurants have been built nearby—each thriving and bringing heavy daily traffic to Broadway Street. This strong local growth trend enhances the property’s long-term value and business potential.

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Business Operations

      •     Operated as a weekly and nightly rental motel.

      •     Weekly rates: $230–$260 per room.

      •     Average monthly revenue: $13,000–$16,000 when fully occupied.

      •     Typical monthly expenses:

      •     Electricity: ~$1,000

      •     Water: ~$400

      •     Gas: ~$120

      •     Internet/Cable: ~$320

      •     Management/Payroll: ~$1,500

      •     Maintenance/Supplies: ~$400

      •     Average net profit: approximately $8,000/month (excluding property tax and insurance).

Currently, the property operates primarily on monthly rentals, producing $10,000–$11,000 gross and $5,000–$6,000 net. With minimal updates and consistent management, the motel can easily return to its previous profitability range.

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Property Condition

      •     Solid structure, typical of 1970s–80s construction.

      •     Window A/C units installed in most rooms (replacement cost: $435 each).

      •     Estimated full upgrade for 16 rooms: $6,000–$7,000.

      •     Minor improvements such as interior paint, appliance upgrades, and exterior cleanup would greatly improve curb appeal.

      •     Competes directly with nearby American Inn, which maintains full occupancy with similar style rooms.

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Reason for Sale

The current owner resides in Dallas, Texas, and has acquired four other motel properties. Due to limited time and travel distance, this property is not receiving the full attention it deserves. The drop in income is management-related—not market-related—making this a strong value-add opportunity.

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Investment Highlights

      •     Prime visibility on busy Broadway Street (major commercial corridor).

      •     Surrounded by new developments and 4–5 thriving fast-food restaurants.

      •     High demand for weekly and monthly rentals in the area.

      •     Includes an on-site two-bedroom manager’s apartment.

      •     Strong cash flow potential — $8,000+ monthly net achievable.

      •     Perfect for an owner-operator or investor seeking steady income and appreciation.