Property Overview

This motor inn has tremendous upside for an opportunistic investor/operator. It opened and operated as a Ramada Inn for initial 20 years, and since has been independent. Construction appears solid and the several buildings all appear well maintained. The free standing restaurant, cocktail lounge and event center are included in the offering. Restaurant available for lease. Historical NN rent $20k/annum

Property Highlights

Asking Price$1,200,000
LocationSouth Entrance of Cortex on US Highway 160
Property DescriptionFull Service
Number of Rooms84
Major Source of BusinessTourism, Fishing, Hiking & National State Parks
Site Size4.0 acres improved; additional vacant 3 acres (zoned commercial) used for RV & Truck Parking
Year Built 1968
Last Year Renovated 2010
Common Area AmenitiesOutdoor Heated Pool & Spa with Patio Seating, Guest Laundry, Adjacent Restaurant, Lounge & Convention Center