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31855535
31855536

606 West Holme Street, Norton, KS 67654 For Sale

BL
CA FSBO
Global Ventures Investment Group
Listed by Global Ventures Investment Group
$550,000
86 days on market
Updated 19 days ago
Opportunity zone

606 West Holme Street

Details
Property Type Hospitality, Mixed Use (+1)
Sub Type Motel
Square Footage 9,530
Units 26
Cap Rate 9.09%
NOI $50,000
Occupancy 40%
Pro-Forma Cap Rate 18.18%
Pro-Forma NOI $100,000
Year Built 1952
Year Renovated 2024, 2025
Buildings 2
Stories 1
Acreage 1.900
Zoning Commercial
Ground Lease No
Sale Condition For sale by owner

Independent motel that contains 27 motel rooms with strong upside potential

Marketing description

Positioned just off a well-traveled highway, this vintage motel offers a compelling blend of character, accessibility, and untapped potential. The property has undergone partial renovations, with key improvements already in place, while leaving ample room for a new owner to add value and elevate the guest experience.

Its prime roadside location ensures consistent visibility and ease of access for passing travelers, making it an ideal stopover destination. With a solid operational foundation and clear opportunities to optimize occupancy, pricing, and amenities, the motel presents meaningful upside for the right buyer.

Offered at an attractive entry point, this is a rare chance to acquire a hospitality asset with strong margin potential. Well-suited for an owner-operator, the property rewards hands-on management with the ability to directly influence performance and unlock long-term growth.

Investment highlights

  • Attractive Entry Price Point for Owner-Operator Opportunity
    • Low operating costs
    • Simple management structure
  • Operational Upside Opportunity
    • Improved revenue management
    • Increase expense control and operational efficiencies
    • Potential rebranding and property upgrade to increase Average Daily Rate (ADR)
  • High Demand for Affordable Lodging
    • Road Travelers
    • Construction and workforce crew
    • Fishers
    • Hunters
    • Long Term Tenants
  • Strong Margin Potential
  • Strategic Location Potential
    • Along Highway 36
  • Franchise or Branding Opportunity
  • 2-Room Quarter for Innkeeper/Owners

Listing Contacts

BL
CA FSBO
Global Ventures Investment Group
Listed by Global Ventures Investment Group

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$50,000.00
$4,166.67/mo

Valuation Metrics

0
DSCR
9.09%
Cap Rate
9.09%
ROI

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