1412 Broadway StCoalgate, OK 74538

This exceptional 41-room motel, the HiWay Inn Express of Coalgate, presents a lucrative investment opportunity. Built in 2009, this well-maintained 18,000 square foot property boasts a sturdy steel construction, offering flexibility for various branding options. The two-story, exterior-corridor design provides efficient management and guest access. Currently operating as an absentee-owned business, this motel presents an excellent opportunity for an on-site operator to maximize its potential. Located at 1412 S Broadway St, Coalgate, OK 74538, the motel enjoys a convenient location, within walking distance of a lake and offering easy access to Coal County amenities. Guest rooms are equipped with modern conveniences including flat-screen TVs, in-room coffee makers, refrigerators, and microwaves. A guest laundry room adds further convenience. The property also includes a three-room living quarters. The asking price is $1,600,000, translating to $88.89 per square foot. This represents a strong value proposition in the hospitality sector. Don't miss this chance to acquire a well-established, profitable motel in a desirable location.