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31390622
31390623

1515 Blue Acres Dr, Crete, NE 68333

WE
NE 20180696
Berkshire Hathaway HomeServices Ambassador Real Estate Fremont
Listed by Berkshire Hathaway HomeServices Ambassador Real Estate Fremont
$995,000
70 days on market
Updated 70 days ago

Crete Inn - Turn-Key Motel & Retail Restaurant with Tenant!

Details
Property Type Hospitality
Sub Type Motel
Square Footage 19,586
Keys 38
Beds 64
Price per SqFt $51
Broker Co-Op Yes
Year Built 1997
Year Renovated 2022
Buildings 2
Stories 2
Lot Size (SqFt) 39,777
Zoning Commercial
Ownership Fee Simple

Hospitality | 38 Keys

Marketing description

Rare Opportunity for Turn-Key Motel AND Retail Restaurant with Tenant!

Consistently 30-40% occupied with no advertising, no website and no media presence.

All guests are currently monthly.

2023 Room Gross $159,195.13

2024 Room Gross $173,068.86

2025 Room Gross $128,400.70 - (Seller began health problems)

Hotel has living quarters consisting of a 2 bed, 1 bath and kitchen for owner or manager. There is also a one car garage on the property for owner/manager.

Restaurant lease is month to month with tenant paying $1800 monthly, (has been as high as $2,000/mo) Tenant pays their own insurance, inside maintenance and snow removal. Restaurant also houses a 4 bed 1 bathroom apartment that is currently included in the rent. Has gas furnace and central air, new in 2022/2023.

Hotel and restaurant both had entire roofs replaced in 2022.

Of the 38 rooms:

27 window AC/Heat units have been replaced.

15 new bathtubs/shower surrounds have been replaced.

38 toilets are new.

All 38 units have had the carpet replaced in the last 4 years.

Rooms consist of 26 Double Queens, 9 Kings, 1 Handicap and 2 King Suites.

There are 2 storage closet/rooms, a maid cart room and 1 employee bathroom.

Listing Contacts

WE
NE 20180696
Berkshire Hathaway HomeServices Ambassador Real Estate Fremont
Listed by Berkshire Hathaway HomeServices Ambassador Real Estate Fremont

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