MLS Public Remarks This limited service hotel almost runs itself: Capitalize on strong cash flow and interior corridors with 100% occupancy. Long-term renewable energy projects in the area provide a steady flow of guests and long-term occupants for the near future. Great location on Business Hwy 151 just off the 4-lane! Manager's quarters include a private kitchenette and bath. Bedding, towels & room furnishings included. The 15% cap rate makes this a good investment and low-contact, low-touch keeps your business running during CoVid. Some rooms have recent improvements and updates.
Location City
Other Marketing Area
Mailing City Mineral Point
C/T/V City
Unit #
Directions Hwy 151 S To Mineral Point, Stay On Bus 151 (becomes Dodge St)
Real estate for sale Yes
Business for sale Yes
For lease only No
Ann. Rent/SqFt $0
Total Units/Bldg 25
Building Gross SqFt 11,700
Net Leasable SqFt 0
Year Built 1983
Source for Year Built PubR
Approx Bldg Dimen 52x100
Street Frontage 209
Parking Fees/Mo. $0
Onsite Parking 30
# of Stories 2
Ceiling Height Min 8
Ceiling Height Max 0
Number of Loading Docks 0
Zoning com
Est. Total Acres 1.44
Source Of Est Acres PubR
Lot Dimensions
Owner
Tradename
Land Assessment $72,000
Assessment Year 2019
Net Taxes $7,987
Tax Year 2019
Improvements $250,000
Total Assessment $322,000
Income/Expenses Year $0
Gross Operating Income $0
Annual Operating Exp $0
Net Operating Income $0
Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
1 |
n/a |
n/a |
No |
$0 |
$0 |
$0 |
0 |
2 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included Clothes washers (2), gas dryer, 2 vacuum cleaners, all bedding & towels, water softener, and room inventory to be provided
Items Excluded Personal possessions of seller(s) and hotel guests
Heating/Cooling Forced air, Radiant, Window AC
Water/Waste Municipal sewer, Municipal water
Basement Crawl space
Fuel Electric, Natural gas
Seating Capacity
Type Motel/Hotel/Bed & Brkfst
Exterior Treatment
Building Parking 21-35 spaces, Onsite, Paved
Roofing Composition
Terms/Option
Miscellaneous Internet - DSL
Documents on File Inventory list, P & L statement, Property Condition Report
Location Near Major Highway
Tenant Pays N/A
Present Use Motel/Hotel/Bed & Brkfst
Licenses Other
Lease Type None
Occupied by
Sale Includes Business name, Easements, Furniture, Inventory, Signs
Features Reception area
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of First Weber Inc