For Sale
$1,200,000

1419 3Rd St Alliance, NE 69301

40-Key Hotel, $1.2M Asking Price

Overview

Added:
Dec 11, 2024
Days on market:
133
This 40-key hotel in Alliance, Nebraska presents a compelling investment opportunity. Located at 1419 W 3rd St, this property boasts 7,023 square feet on a 0.92-acre lot, with an asking price of $1,200,000 ($170.87/sq ft). Built in 1981 and recently renovated in 2023/2024, the hotel is zoned Z02 and enjoys a convenient location off Highway 385. The property features amenities including free Wi-Fi, a 24-hour front desk, free parking, and pet-friendly accommodations. Each of the 40 guest rooms includes a private bathroom with shower, free toiletries, a hairdryer, air conditioning, and a desk. Additional guest services include copy, print, and fax machines. The hotel's proximity to casual dining establishments further enhances its appeal. Wyndham approval for a Super 8 franchise is in place, offering up to $2400 per key in franchise money. This well-maintained hotel offers strong potential for immediate returns and future growth in a desirable location. The recent renovations ensure the property is in excellent condition and ready for immediate operation. This is an exceptional opportunity to acquire a profitable hospitality asset in a thriving market. The property's strong location and established amenities make it an attractive option for both seasoned investors and newcomers to the hospitality sector.

Highlights

  • 40-key hotel in Alliance, Nebraska, asking $1,200,000.
  • 7,023 sq ft building on a 0.92-acre lot, $170.87/sq ft.
  • Recently renovated (2023/2024), located off Highway 385.
  • Amenities include free Wi-Fi, 24-hour front desk, free parking, and pet-friendly rooms.
  • Wyndham Super 8 franchise approved, potential for up to $2,400 per key in franchise fees.

Property Details for 1419 3Rd St

Property type
Hospitality properties, Hotels
Square Feet
7,023 SF
Year Built/Renovated
1981/2023
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Alliance
County
Box Butte
State
Nebraska
Latitude
42.0962197
Longitude
-102.8921602

FAQs

What type of property is this?
Hospitality property - 40-Key Hotel, $1.2M Asking Price
Where is the hospitality property located?
The property is located at 1419 3Rd St Alliance, NE.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 40-key hotel in Alliance, Nebraska, asking $1,200,000.; 7,023 sq ft building on a 0.92-acre lot, $170.87/sq ft.; Recently renovated (2023/2024), located off Highway 385.
How can I contact the broker?
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1419 3Rd St
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