413 Broadway StHollis, OK 73550

Property Details for 413 Broadway St

Year built

1950

Property size (Sq ft)

2,904 SF

Property type

Motels

APN

0190-00-011-008-0-000-00

APU

19000011008000000

Description

This established Oklahoma business, located at 413 W Broadway St, Hollis, OK 73550, presents a unique investment opportunity. The property encompasses 0.41 acres and includes three buildings totaling 7,439 square feet, constructed in 1950 and renovated in 2015. The main structure is a 3,000 square foot motel featuring eleven rooms – six single-bed and five double-bed – each equipped with a private bathroom, flat-screen TV, and individual climate control. An attached 1,080 square foot manager's quarters provides a three-bedroom, one-bathroom residence with an office. A separate 1,008 square foot lodge building offers a common area with a kitchen, bar, seating, restroom, and a four-person bunkhouse with its own bathroom. Outdoor amenities include a covered sitting area with a fire pit, TV, and smoker. The property also features a large stainless steel sink, wash-down slab, floor drain, hanging winches, and dog kennels. Ample parking is available with 25 spaces, and two adjacent lots provide additional space for future expansion, such as RV slots or cabins. A 40-foot sea container offers secure storage. The property is zoned commercial and benefits from highway traffic and its established reputation among hunting groups and other visitors. This turnkey operation is ideal for owner-users seeking a profitable hospitality and hunting lodge business with significant growth potential. The asking price is $324,000.

• CAP approach

  CAP return

  Valuation

  6%

  $451,037

  6.5%

  $416,342

  7%

  $386,603

• Comparable approach

  Method

  Valuation

  Relative Method

  $594,890

  Geo Method

  $821,112

• Alternative Use

  Use

  Valuation

  Residential

  $454,524

  Hospitality

  $416,342

  Educational

  $346,391

  Medical

  $358,304

  Retail

  $538,831

Location Insight

City

Hollis

County

Harmon

State

Oklahoma

Latitude

34.6814

Longitude

-99.9227

Property Tax & Assessments

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