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Florence, IN Hotels for Sale

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Hotel with Manager Apartment
Updated: May 27
Hotel with Manager Apartment

14845 State Road 156, Florence, IN 47020

$1,550,000
19,542 sqft
41‑room hospitality property located directly across from Belterra Casino Resort on State Road 156 in Florence, IN
Approx. 19,542 sqft with 41 guest rooms plus a 1‑bedroom manager apartment with kitchen and living area
New metal roof installed in 2024
Sale includes substantially all FF&E, including beds, linens, appliances, computers, office equipment, and operational inventory used in the business
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Florence, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Redevelopment Mixed-Use Tower Site
Redevelopment Mixed-Use Tower Site

15 W 6th St, Cincinnati, OH 45202

Contact for pricing
0.96 AC lot

Former Terrace Hotel is vacant and positioned for redevelopment into retail, office, and hotel uses.

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Holiday Inn Express
Holiday Inn Express

5311 Hetzell Ave, Cincinnati, OH 45227

Contact for pricing
50,000 sqft

50,000 SF Holiday Inn Express – Cincinnati, OH, 93 units

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Riverfront Hotel and Event Property
Riverfront Hotel and Event Property

906 E 1st Street, Madison, IN 47250

$2,900,000

Riverfront 2-story hotel with 21 rooms, lounge, patios, and an on-site bar liquor license included.

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Motel with Furniture Package
Motel with Furniture Package

801 E Main Street, Madison, IN 47250

$169,900

The 1930 motel has been cleared and cleaned, with zoning and state permits completed.

View details

Off-Market Properties in Florence, IN

Consider similar Off-Market properties in Florence, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

5th St
HOTEL/MOTEL

5th St, Florence, IN 47020

$220,000
Estimated value
432 sqft 0.87 AC lot
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14608 State Rd 156
HOTEL

14608 State Rd 156, Florence, IN 47020-9488

$860,000
Estimated value
9,000 sqft 250.22 AC lot
View details

Florence, IN Hotels Market Trends and Statistics

Explore 3 hotels for sale in Florence, IN on our real estate platform. These investment opportunities span a total of 19,542 square feet of properties for sale, with an estimated market value of $1,550,000.

Sale prices for resorts in Florence, IN average $1,550,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Hotels 1

Demographics Overview

Population 1,164
Population Growth (5Y) -2.4%
Median Household Income $66,047
College Educated 7.4%

High-Yield Neighborhoods for Investment

Identify Florence submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
47020 $1.6M

Taxes & Financing

Tax Rate (average for all types) 1.43%
Property Tax per SF $31.43 per SF
Tax Rate vs County Average 0.12 pp below county avg
Average Loan-to-Value 65.0%

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