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    1822 E 20th Pl Scottsbluff, NE 69361

    Sponsored
    For Sale
    $975,000

    56-unit hotel near national parks

    Property size:
    27,259 SF

    Description

    Added:
    Jan 28, 2025
    Days on Market:
    343
    The Candlelight Inn, a 56-unit interior-corridor hotel in Scottsbluff, NE, is strategically located on Highway 26, the Heartland Expressway. This prime location offers easy access for travelers visiting nearby national parks and scenic attractions like Scotts Bluff National Monument and Chimney Rock. The property boasts comfortable rooms designed for a relaxing stay, catering to tourists, families, and business travelers. A significant advantage is the inclusion of substantial on-site manager's quarters, ideal for owner-operators seeking hands-on involvement. This feature allows for close oversight of operations, ensuring high service levels and guest satisfaction. The property presents a compelling investment opportunity in a thriving area, offering potential for growth and strong returns. The asking price is $975,000. The hotel's two-story design and convenient location make it an attractive option for investors seeking a well-positioned hospitality asset. Further opportunities may exist for conversion or expansion.

    Property Features for 1822 E 20th Pl

    General Information

    Property type
    Hotels
    Square Feet
    27,259 SF
    Price / Square Foot
    $35
    Elevators
    N/A

    Building Details

    Year Built
    1967
    Buildings
    1
    Stories
    2
    Units
    56

    HighLights

    • 56‑unit hotel in Scottsbluff, NE, situated on Highway 26.
    • Convenient location near national parks and attractions.
    • On‑site manager's quarters ideal for owner‑operators.
    Location Intelligence

    Current Use by Public Records

    The Candlelight Inn Motel

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scottsbluff
    State
    Nebraska
    Longitude
    -103.639788
    Latitude
    41.865938

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    FAQs

    What type of property is this?
    Hotel - 56-unit hotel near national parks
    Where is this hotel located?
    The property is located at 1822 E 20th Pl Scottsbluff, NE.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: 56-unit hotel in Scottsbluff, NE, situated on Highway 26.; Convenient location near national parks and attractions.; On-site manager's quarters ideal for owner-operators.
    (805) 557-8867
    Request Owner's contact information
    1822 E 20th Pl Scottsbluff, NE 69361
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    Scottsbluff, NE 69361
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1822 E 20th Pl Scottsbluff, NE 69361
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