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
|Location||South Entrance of Cortex on US Highway 160|
|Property Description||Full Service|
|Number of Rooms||84|
|Major Source of Business||Tourism, Fishing, Hiking & National State Parks|
|Site Size||4.0 acres improved; additional vacant 3 acres (zoned commercial) used for RV & Truck Parking|
|Last Year Renovated
|Common Area Amenities||Outdoor Heated Pool & Spa with Patio Seating, Guest Laundry, Adjacent Restaurant, Lounge & Convention Center|