For Sale
$1,500,000

225 Sturgis RdMarion, KY 42064

19-Key Motel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This charming 19-key motel presents a compelling investment opportunity in Marion, Kentucky. Situated on a spacious 2.7-acre lot at 225 Sturgis Rd, this established property offers significant potential for growth. Built in 1951, the Royal Inn has benefited from renovations, ensuring its rooms are well-maintained and equipped with necessary amenities. The asking price is $1,500,000. The motel enjoys a highly desirable location, offering convenient access to I-24 and US-60, placing it minutes from the James Bruce Convention Center, Lake Barkley, and Kentucky Lake. This strategic positioning within a thriving area, boasting a 2022 median household income of $50,158 within a one-mile radius and $76,494 on average, makes it an attractive prospect for investors seeking to enter or expand their presence in the hospitality sector. The property's strong location and established operational history make it a solid investment with potential for increased profitability. This turnkey operation is ready for a new owner to capitalize on its existing success and further develop its potential. The property's size and location provide ample opportunity for future expansion or diversification of services. This is a rare opportunity to acquire a well-established motel in a growing market.

Highlights

  • $1,500,000 asking price.
  • 19-key motel in Marion, KY.
  • 2.7-acre lot.
  • Located at 225 Sturgis Rd, Marion, KY 42064.

Property Details for 225 Sturgis Rd

Property type
Hospitality properties, Motels
Lot Size (sq. ft)
117,612 SF

Location Insight

City
Marion
County
Crittenden
State
Kentucky
Latitude
37.3418492
Longitude
-88.0748652
225 Sturgis Rd, Marion, Kentucky

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225 Sturgis Rd
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