$2,100,000
Presenting an opportunity to acquire a well-established hotel in a desirable location w/ strong income potential & long-term investment value. This hotel offers quality accommodations, modern amenities & convenient access to downtown Springfield, the U of O, shopping, dining & all the area has to offer. The property's strategic location supports consistent occupancy w/corporate travelers, tourists, sports teams & families throughout the year. An established reputation for quality service & repeat business provides a solid operational foundation.The hotel rooms feature, comfortable, well-appointed guest rooms equipped with premium bedding, flat-screen televisions, workspaces, dressers, mini fridges and updated bathrooms with marble tile in most and updated flooring. There is onsite laundry & some rooms are plumbed for kitchenettes!Outside there is ample parking & covered spaces, 7 storage units, fresh paint, the parking lot was paved in 2024, the membrane roof was replaced in 2020, the shingled roof was redone in 2022, making this investment turn key for the next owner!The owners suite features a private entrance, updated kitchen with granite countertops, LVP flooring, dining area, a large living room with plush carpeting, fenced yard, ductless heat and AC, a fully remodeled bathroom w/ large vanity and full tub surround, the bedroom is large and complete w/ dual closets, additional storage, private laundry & access to the office for ease of running the business. This hotel presents an excellent opportunity for investors or owner-operators seeking immediate cash flow with additional upside potential. Well maintained & operationally efficient, the property requires minimal immediate capital investment while offering flexibility for future growth. Whether expanding an existing hospitality portfolio or entering the hotel industry, this investment provides an attractive combination of stability, profitability & long-term appreciation.
144548801
MLS
1152 MAIN ST, Unknown
