Remarks

This 15-unit motel is perfectly positioned at the high-traffic intersection of Highway 141 and 169, just east of Perry and with quick access to the Des Moines metro. With a consisten rental history, this property offers incredible potential for use in its current capacity or redevelopment. Whether you're considering converting the space into apartments, transforming it into an Airbnb resort, or continuing to operate it as a motel, the possibilities are endless.The front of the property includes a welcoming lobby, a manager's suite, and a former conference area that's ready for renovation. These spaces offer great flexibility for adding amenities or expanding the current use. Additionally, there are 7 storage units on-site, perfect for long-term tenant storage or generating extra income. The property just got a new roof installed earlier this year and has unique concrete wall construction making it a very durable structure. Many of the rooms have had beds, bedding, headboards, and furniture replaced in the last two years. The PTAC units are all in good shape as well. Many contracting firms have been renting room blocks or the whole facility for extended periods along with 5 longer term tenants. With its ideal location and versatile layout, this property is a prime opportunity for investors looking to maximize returns.

Details

MLS#: 65705
Price: $380,000

Style: Commercial
Sq Ft: 9858.00
Year Built: 1966

County: Dallas
Tax Fee: 3114.00