Owensboro Motel | 1420 Triplett St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Owensboro Motel 1420 Triplett St
22 Room Hotel Owensboro, KY 42303 $655,000 ($29,773/Room)
Executive Summary
We are pleased to present a prime investment opportunity—a 22-room motel at 1420 Triplett Street in Owensboro, Kentucky. This property offers significant potential for both **emerging investors** entering the real estate market and seasoned professionals looking to expand their portfolios.
Property Highlights:
- Strategic Location: Positioned in a high-visibility area with convenient access to major highways, local businesses, dining establishments, and shopping centers.
- Accommodation Capacity: Features 22 guest rooms with a laundry room and 2-bedroom manager suite creating substantial potential for renovation and modernization to enhance guest experience and increase revenue.
- Ample Parking: Provides generous off-street parking facilities, adding to guest convenience and property appeal.
- Value-Add Potential: Ideal for investors aiming to reposition the property through strategic upgrades, rebranding efforts, or conversion into extended-stay units or short-term rentals.
Investment Advantages:
- Versatile Investment Strategies: The property's flexibility allows for various approaches, including maintaining it as a traditional motel, transforming it into a boutique hotel, or developing it into alternative rental accommodations.
- Growth Potential: Opportunity to increase occupancy rates and revenue through targeted renovations and effective management practices.
- Accessible Entry Point: An attractive proposition for new investors due to its manageable size and the potential for significant returns on a relatively modest initial investment.
- Portfolio Diversification: For experienced investors, this property offers the chance to diversify holdings and capitalize on the hospitality sector's profitability.
Why Invest in Owensboro:
Owensboro is a thriving city with a growing economy, making it an excellent location for hospitality ventures. The city's attractions, events, and business activities generate a steady demand for accommodations.
This property represents a unique opportunity to unlock value and achieve attractive returns. Interested parties are encouraged to conduct due diligence to fully appreciate the potential this motel offers.
For more information or to schedule a private viewing, please contact me at your earliest convenience.
*Brokered by eXp Realty*
Property Highlights:
- Strategic Location: Positioned in a high-visibility area with convenient access to major highways, local businesses, dining establishments, and shopping centers.
- Accommodation Capacity: Features 22 guest rooms with a laundry room and 2-bedroom manager suite creating substantial potential for renovation and modernization to enhance guest experience and increase revenue.
- Ample Parking: Provides generous off-street parking facilities, adding to guest convenience and property appeal.
- Value-Add Potential: Ideal for investors aiming to reposition the property through strategic upgrades, rebranding efforts, or conversion into extended-stay units or short-term rentals.
Investment Advantages:
- Versatile Investment Strategies: The property's flexibility allows for various approaches, including maintaining it as a traditional motel, transforming it into a boutique hotel, or developing it into alternative rental accommodations.
- Growth Potential: Opportunity to increase occupancy rates and revenue through targeted renovations and effective management practices.
- Accessible Entry Point: An attractive proposition for new investors due to its manageable size and the potential for significant returns on a relatively modest initial investment.
- Portfolio Diversification: For experienced investors, this property offers the chance to diversify holdings and capitalize on the hospitality sector's profitability.
Why Invest in Owensboro:
Owensboro is a thriving city with a growing economy, making it an excellent location for hospitality ventures. The city's attractions, events, and business activities generate a steady demand for accommodations.
This property represents a unique opportunity to unlock value and achieve attractive returns. Interested parties are encouraged to conduct due diligence to fully appreciate the potential this motel offers.
For more information or to schedule a private viewing, please contact me at your earliest convenience.
*Brokered by eXp Realty*
Property Facts
| Price | $655,000 | Lot Size | 0.43 AC |
| Price Per Room | $29,773 | Building Size | 8,937 SF |
| Sale Type | Investment | No. Rooms | 22 |
| Sale Conditions | 1031 Exchange | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1951 |
| Property Subtype | Hotel | Parking Ratio | 1.38/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $655,000 |
| Price Per Room | $29,773 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 8,937 SF |
| No. Rooms | 22 |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 1.38/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $72.00 | - |
PROPERTY TAXES
| Parcel Number | 002-03-03-002-00-000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $229,300 |
PROPERTY TAXES
Parcel Number
002-03-03-002-00-000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$229,300
zoning
| Zoning Code | B-4 (General Business) |
| B-4 (General Business) |
Learn More About Investing in Hospitality Properties
1 of 35
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Owensboro Motel | 1420 Triplett St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.