MOTEL FOR SALE
Hospitality | 23 Keys
Marketing description
Positioned in the heart of one of Oklahoma's most unique and tourism-driven communities, this 23-room motel offers a rare value-add hospitality investment in the nationally recognized historic district of Guthrie, Oklahoma.
Located just one-half block from downtown events, festivals, restaurants, museums, shopping, and entertainment, the property benefits from exceptional walkability and year-round visitor traffic. Guthrie is widely known as Oklahoma's first state capital and features one of the largest and best-preserved historic downtown districts in America, attracting tourists, history enthusiasts, wedding guests, business travelers, and festival attendees throughout the year.
The motel is situated near major downtown attractions including Guthrie Historic District (Guthrie, Oklahoma), The Oklahoma Territorial Museum, Oklahoma Frontier Drug Store Museum, and State Capitol Publishing Museum. The district hosts numerous annual festivals, arts events, concerts, bluegrass gatherings, holiday celebrations, and cultural attractions that drive consistent visitor demand.
Investment highlights
- One of only a limited number of motel properties located directly within downtown Guthrie's historic district.
- 23 guest rooms with significant upside through renovation and repositioning.
- Prime location just steps from downtown festivals, shopping, dining, entertainment, and cultural attractions.
- Offered at $550,000.00 OR $65.00 per square foot (mol) , representing an attractive basis compared to replacement cost.
- Value-add opportunity for investors seeking to create a boutique Motel to be renovated to offer an upscale historic lodging experience.
- Strong potential to capture visitors attending Guthrie's numerous annual events, weddings, heritage tourism activities, and regional business travel.
- Conveniently located an estimated 15 minutes from I-35 and the Guthrie Exit as a main corridor to the historic downtown area and as relevant only approximately 20 minutes from the world-renowned lazy E Arena and only approximately 35 from downtown Oklahoma City.
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