For Sale
$695,000

428 Center AveOakley, KS 67748

Profitable 20-Room Motel in Oakley, KS

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 20-key motel presents a lucrative investment opportunity in Oakley, Kansas. Ideally situated near Highway 40 and Interstate 70, this established property boasts a prime location for attracting travelers. Built in 1954 and extensively renovated in 2019, the motel offers 20 updated guest rooms, each equipped with a smart TV (installed within the last four years). The property also includes a manager's apartment, providing convenient on-site management. A new roof was installed five years ago, ensuring long-term structural integrity, and all mattresses were replaced at the same time, guaranteeing guest comfort. Further enhancing guest convenience, the motel features an on-site laundry facility with two coin-operated washers and dryers, as well as a vending machine. The 0.41-acre lot provides ample space. The absence of a franchise affiliation eliminates potential Property Improvement Plan (PIP) costs. This turnkey operation is meticulously maintained and ready for immediate ownership, presenting a rare opportunity for a buyer seeking a hassle-free entry into the hospitality industry. The asking price is $695,000. This is a well-maintained, profitable motel, ready for a new owner. The single-story building offers easy management and accessibility.

Highlights

  • $695,000 asking price for a 20-key motel.
  • Hospitality property type, motel subtype.
  • Located at 428 Center Ave, Oakley, KS 67748.
  • Built in 1954, renovated in 2019; one story on a 0.41-acre lot.
  • Features 20 renovated rooms and a manager's apartment; no franchise affiliation.

Property Details for 428 Center Ave

Property type
Hospitality properties, Motels
Year Built/Renovated
1954/2019
Stories
1
Lot Size (sq. ft)
17,860 SF

Location Insight

City
Oakley
County
Logan
State
Kansas
Latitude
39.1297275
Longitude
-100.8533486
428 Center Ave, Oakley, Kansas

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428 Center Ave
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