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Ty Brown

tysellshouses@gmail.com +1(859) 619-7234

$ 725,000

5,937 SqFt

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$ 725,000

Save

5,937 SqFt

Key Details

Property Type Vacant Land

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 5,937 sqft

Price per Sqft $122

Subdivision City Limits

MLS Listing ID 26015816

Year Built 1971

Lot Size 1.000 Acres

Acres 1.0

Property Sub-Type Hotel/Motel

Property Description

Don't miss this exceptional investment opportunity! This 16-room hotel sits on approximately 1 acre of commercially zoned property with outstanding frontage on a major roadway within city limits, offering excellent visibility and long-term growth potential. located just 2.3 miles from I-75 interstate. The property is currently leased under a 5-year Triple Net (NNN) lease, providing a stable income stream while minimizing owner responsibilities. With the current lease in place, the rental income is designed to cover the property's carrying costs, making this an attractive opportunity for investors seeking immediate cash flow. Beyond its current income, this property offers tremendous long-term potential. Its prime location, generous lot size, and increasing demand for well-positioned commercial real estate make it a valuable addition to any investment portfolio. Continue operating under the existing lease, or explore future redevelopment and business opportunities as the area continues to grow. Whether you're a seasoned investor or looking to diversify your portfolio, this property combines reliable income today with strong appreciation potential for tomorrow. Invest in a property that offers income today and exciting possibilities for the future. Prior to the 5 year current lease, the property was cash flowing itself as monthly room rentals. As inflation keeps increasing, the demand for economy style monthly rentals increase as well.

Location

State KY

County Laurel

Zoning R-1

Interior

Heating Ductless

Cooling Wall Unit(s)

Exterior

Utilities Available Electricity Available, Natural Gas Not Available, Sewer Available, Water Available

View Y/N N

Handicap Access No

Private Pool No

Building

Sewer Public Sewer

Others

Special Listing Condition Standard

Imagine MLS / Bluegrass Association of REALTORS (LBAR)

Listed by Keller Williams Legacy Group

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(859) 619-7234

tysellshouses@gmail.com

222 East Witherspoon St 1st Floor Louisville, KY 4, Louisville, Kentucky 40202, USA

1350 S Main Street London, KY 40741

Ty Brown

Key Details

Location

Interior

Exterior

Building

Others

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1350 S Main Street