Regency Inn 14 N State St 54 Room Hotel Iola, KS 66749 $1,475,000 ($27,315/Room)
INVESTMENT HIGHLIGHTS
- 54 units, 2 stories, exterior corridor
- Less than 1 mile to historic downtown attractions
- Conversion opportunities available
- 1.5 hours south of Kansas City
- 2 Miles to Allen Community College
- Ideal for owner operator
EXECUTIVE SUMMARY
The Bowman Post Group of NewGen Advisory is proud to present for sale the Regency Inn – Iola, KS. The property features a well-designed two-story exterior corridor layout with a total of 54 guest rooms.
Located in a town renowned for having one of the largest town squares west of the Mississippi River. In addition to its picturesque square, the city offers modern and affordable housing options, and a nearby county airport. The area is also home to several public parks and an extensive network of bike and walking trails. The Recreation Department provides a variety of year-round activities to cater to residents of all ages.
As the county seat of Allen County and the site of Allen County Community College, Iola boasts unique Victorian architecture that adds to its charm. Moreover, with prominent industries such as Gates Rubber and Russell Stover Candies, Iola presents numerous opportunities for investors.
Located in a town renowned for having one of the largest town squares west of the Mississippi River. In addition to its picturesque square, the city offers modern and affordable housing options, and a nearby county airport. The area is also home to several public parks and an extensive network of bike and walking trails. The Recreation Department provides a variety of year-round activities to cater to residents of all ages.
As the county seat of Allen County and the site of Allen County Community College, Iola boasts unique Victorian architecture that adds to its charm. Moreover, with prominent industries such as Gates Rubber and Russell Stover Candies, Iola presents numerous opportunities for investors.
PROPERTY FACTS
| Price | $1,475,000 |
| Price Per Room | $27,315 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.35 AC |
| Building Size | 35,540 SF |
| No. Rooms | 54 |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.52/1,000 SF |
| Corridor | Exterior |
| Zoning | C-4 |
AMENITIES
- High Speed Internet Access
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 54 | $45.00 | - |
1 of 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 078-27-0-40-13-005.00-0 | Improvements Assessment | $32,623 |
| Land Assessment | $2,170 | Total Assessment | $34,793 |
