For Sale
$450,000

211 9Th St Canute, OK 73626

High-potential motel, 64+ rooms, needs TLC.

Overview

Added:
Feb 3
Days on market:
78
This exceptional investment opportunity presents a 64+ room motel situated on a 1.06-acre lot at 211 N 9th Street, Canute, OK. Conveniently located just off Interstate 40 at the Canute exit, this property offers significant potential for a savvy investor. The existing structure boasts a substantial 12,636 square feet of space, including multiple guest rooms, a dedicated laundry room, and ample family rooms suitable for on-site management or staff. While the property requires some renovation—all existing carpeting has been removed—this presents a chance to customize and upgrade to meet current market demands. The extensive parking area ensures ample space for guests and staff. The asking price of $450,000 reflects the significant upside potential inherent in this prime location and substantial building size. This is an ideal opportunity for an investor seeking a high-return project with strong potential for growth in a convenient location. The property's proximity to I-40 provides excellent visibility and accessibility, making it an attractive destination for travelers. With some investment in renovations and upgrades, this motel can be transformed into a thriving business.

Property Details for 211 9Th St

Property type
Investment properties
Square Feet
12,636 SF
Year Built
1981
Lot Size (sq. ft)
46,174 SF

Location Insight

City
Canute
County
Washita
State
Oklahoma
Latitude
35.42011
Longitude
-99.27625

FAQs

What type of property is this?
Investment property - High-potential motel, 64+ rooms, needs TLC.
Where is the investment property located?
The property is located at 211 9Th St Canute, OK.
What is the asking price?
The asking price for this property is $450,000.
How can I contact the broker?
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211 9Th St
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