14 North State Street, Iola, KS 66749 For Sale

Regency Inn at 14 N State St, Iola, KS 66749 presents an outstanding hospitality investment opportunity in a highly visible in-town location. Offered at $1,499,900, this 54-room hotel delivers scale, accessibility, and strong upside for investors seeking value-add or owner-operator potential.

Situated on approximately 1.35 acres, the property features a 35,540 SF, two-story layout with convenient guest parking, a prominent roadside sign, and easy access from State Street. Built in 1965 and zoned C-4, the site is well positioned to serve local, regional, and pass-through demand.

Guest rooms feature updated finishes, including hard-surface flooring, while the property’s classic brick construction and covered entrance create a recognizable and welcoming presence. With a price of approximately $27,776 per key and $42.20 PSF, this offering combines attractive basis with operational potential in the heart of Iola.

For investors looking to acquire a branded-feel lodging asset with visibility, room count, and upside, Regency Inn stands out as a compelling opportunity.