4658 US Highway 50, Washington, IN 47501
Overview
| MLS ID: | #202433620 |
|---|---|
| Price: | $ 515,000 |
| Sq Ft: | 7,268 |
| Office SqFt: | 7,268 |
| Lot Size: | 2.40 Acres |
| Year Built: | 1950 |
| Zoning: | |
| Taxes: | $ 1,918 |
Seize this rare opportunity to own an income producing well-preserved 1950-built motel. Situated on a bustling state highway just minutes from a major interstate, this property offers 15 fully furnished rooms for rent. Currently operated as a mid-term rental and nightly stays, this property offers value-add potential and opportunity for business growth. Key Features: Prime Location: High traffic area with excellent visibility, attracting both interstate travelers and local visitors. Ample Parking: Spacious parking area accommodating cars, RVs, and trucks. Expansion Potential: Ample land for additional rooms, dining facilities, or recreational amenities. Turnkey Business: Well-maintained property with steady occupancy rates and a strong reputation among travelers. Perfect for an investor looking to capitalize on the opportunity to see a cash flow from day one and redevelop a prime commercial location.
MLS ID: 202433620
Details
| Planned Unit Dev | No |
|---|---|
| Auction | No |
| New Construction | No |
| Number of Buildings | 1 |
| Building 1 | |
| Bldg 1 Above Ground SF | 7,268 |
| Bldg 1 Below Ground SF | 0 |
| Bldg 1 Stories | 1 |
| Bldg 1 Finished Office SF | 250 |
| Lot Dimensions | approx. 320ft. by 320ft. |
| Approx Lot Size SqFt | 104,544 |
| Approx Lot Size Acres | 2 |
| Known Soil Contaminants | No |
|---|---|
| Known UG Storage Tanks | No |
| Ceiling Height | 7 |
|---|---|
| Road Access | State |
| Parking | Yes |
| Parking | Gravel, Off-Street, Paved |
| Parking Type | asphalt and gravel |
| # Parking Spaces | 15 |
| Total Restrooms | 14 |
| Interior Height | 7 |
| Ingress/Egress | Asphalt |
| Water Front | No |
|---|
| Currently Leased | No |
|---|---|
| Lease Term Remaining | none |
| Sprinkler System | No |
|---|---|
| Signs | No |
| Fire Doors | No |
| Enterprise Zone | No |
| Sale Includes: | Building, Furniture, Land |
| Heating/Fuel | Electric, Wall Heater |
| Cooling | Wall AC |
| Exterior | Brick, Stone, Stucco, Vinyl |
| Roof Material | Shingle |
| Interior Walls | Drywall, Wood, Other |
| Flooring | Carpet, Ceramic Tile, Vinyl |
| Water Utility | Public |
|---|---|
| Sewer | City, Public |
| Special Features | 110 Volts, 220 Volts, Living Space, Office Space |
| Annual Taxes | $1,918.04 |
|---|
Map
Listing Office: Home & Harvest Properties LLC
Listing Agent: Martin Graber
Disclaimer:
Mortgage
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