Listed by Brokerage Southwest
$975,000
75 Center St
Details
Property Type Retail, Hospitality
Sub Type Hotel, Motel
Square Footage 14,162
Cap Rate 10.00%
Year Built 1945
Buildings 9
Lot Size (SqFt) 35,816
Zoning COMMERCIAL
Parking Spaces 43 spaces
Parking Per SqFt 3.04
Ceiling Height 16'
Retail | 10.00% CAP | 14,162 SqFt
Marketing description
Highly Profitable Well-Maintained Motel with extensive square footage priced aggressively. Motel consists of 39 rooms (mix of single and doubles), 10 of which have kitchenettes. Two of these have 2 separate rooms with 3 beds. Additional income returns ($1250mo) are realized through an additional apartment and 1291sf home on the property. Property is currently managed by a live-in manager. Current asking price puts the property over a 10% CAP.
Listing Contacts
Listed by Brokerage Southwest
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Zoning
B-3 CommercialCore CommercialCentral Business
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