1503 W Sheridan Avenue

Shenandoah, IA 51601 Commercial for Sale

  • $63.06/SqFt.
  • Business,Investment,Special Purpose
  • Shenandoah
  • MLS#1708919

Great opportunity for a new hotel-motel investor with good cash flow. This 47 room is outdoor corridor with excellent two living quarters, one with one bedroom and another one with two bedroom. Both living quarter and equipped with modern kitchens and living room. It is very well maintained property, located on the busy US Hwy 59 in Shenandoah, IA. Asking price $800,000, 2.7 times room revenue. Consistent room revenue for last three years and potential to boost even more

PROPERTY DETAILS

Property

Subtype
Business,Investment,Special Purpose
Area
OT-W (West of I-380)
Lot Size
62,726
Acres
1.44
Year Built
1962
County
Fremont
Zoning
Comm
Gross Tax
$5388
Traffic Count
5001-10000

Building

Total SqFt
12,687

Ceiling Height
  • 7ft-10ft

Floor
  • Carpet
  • Concrete Slab

Utilities

Heating/Cooling
  • Electricity Heat
  • Window/Wall Air

Utilities
  • Electric
  • Gas

Power Available
  • 220 Volt

Terms

Terms
  • Cash

Lease Terms

Owner Pays
  • Re Tax
  • Insurance
  • Improvment
  • Janitorial
  • Heating
  • Water
  • Electricity
  • Trash Collection

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COMMUNITY INFORMATION

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