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4201 Highway 41 N Evansville, IN 47711

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For Sale
$1,900,000

102-unit motel with recent renovations and rebranding potential.

Building Details

Year built
1973

Source: Scott Edmond Agent Scott Edmond

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Renovated Motel Near Regional Airport

This 102-unit motel has undergone recent renovations, including exterior painting and new landscaping. Nearly all rooms have been updated with new paint, flooring, and finishes to align with the branding standards of several major economy hotel franchises, offering flexibility for future rebranding. Heating and cooling are managed by PTAC units, most of which have been replaced within the last five years. Constructed with masonry block walls, typical of its era, the property features uniformly sized rooms with single or double bed configurations. Nine units have been converted into a master apartment. The property includes a small on-site office and laundry facilities. A 60'x20' building designed for self-storage is located on the north end of the property and is currently used for business storage, presenting a potential source of additional rental income. The motel is strategically located near the regional airport along a major highway on the north side of Evansville, IN. The area has seen substantial redevelopment over the past 24 months, including a mixed-use shopping center with a newly opened restaurant, fitness club, and indoor shooting range directly to the south. The former Clarion Inn at the Lynch Road intersection is undergoing extensive renovation into residential apartments.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

PT6 Inn Hotel U-Haul Neighborhood Dealer Truck Rental Agency

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Hotel & Motel

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

Similar Places Nearby

PT6 Inn, The Cottonwood Center, Comfort Inn & Suites Evansville Airport, Motel 41

Location Insight

  • Map
  • Local Demand
City
Evansville
County
Vanderburgh
State
Indiana
Longitude
-87.538576
Latitude
38.016618

FAQs

What type of property is this?
Motel - 102-unit motel with recent renovations and rebranding potential.
Where is this motel located?
The property is located at 4201 Highway 41 N Evansville, IN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: - High unit count (102 units) priced at $18,627/unit.; - Strategic location near the regional airport and a major highway in a redeveloping area.; - Value-add opportunity through rebranding with a national hotel flag due to recent renovations aligned with major economy hotel franchise standards.
More about this property
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