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"PRICE REDUCED" for quick sale! Frontier Motel with Leased Restaurant and Single Family Home

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Property Overview

Out-of-state absentee owned property includes a separate two bedroom home and two garages and popular restaurant. The home is currently leased for $250 a month, the restaurant is leased for $1,000 a month. House could continue to be leased for additional income and an on-site 1,600 sf apartment is located off the lobby. Revenue thru July 2010 approx. $104,000. This profitable, well maintained property would be great for an on-site first time buyer. Please call for details.

Listing Broker(s)

Bruce V Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com

Property Highlights

Asking Price:
$425,000
Location:
In a western Kansas community of 1,811,Oberlin
Property Description:
Limited Service
Number of Rooms:
29
Major Source of Business:
Highway, commercial and special events
Site Size:
.857+/- acre
Year Built:
1952
Last Year Renovated:
2009
Common Area Amenities:
1,600 sf apartment off lobby. Restaurant on-site and seasonal outdoor pool

Financial History

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2009 Year Ending
  • 0.00%
  • $56,839
  • $236,916
  • $248,441
  • $17,069
  • 2.09
  • 0.00
  • $8,153
  • 11.50%
2008 Year Ending
  • 0.00%
  • $102,878
  • $264,334
  • $276,334
  • $17,069
  • 1.87
  • 5.35
  • $9,115
  • 20.78%
2007 Year Ending
  • $84,167
  • $198,513
  • $232,570
  • $18,966
  • 2.77
  • 6.53
  • $7,606
  • 15.30%
2006 Year Ending
  • $85,080
  • $193,380
  • $226,868
  • $18,966
  • 2.84
  • 6.46
  • $7,409
  • 15.50%
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Location

207 East Frontier Parkway

Along US Highway 36
Oberlin, Kansas 67749

Listing Broker

Bruce V Holmes, HotelBrokerOne Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com
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Listing Broker(s)

Bruce V Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: bruceh@hotelbrokerone.com

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