52-Room Hotel with Conference
For Sale
$2,000,000
230 Eastern, Richmond, KY 40475
Operating lodging property with daily maid service, guest Wi-Fi, parking, in-room microwaves and refrigerators, and accessible common areas.
Property Size16,280 SF
Price / SF$122.85
Days on Market35
Property Features for 230 Eastern
General Information
Standard status
Active
Size
16,280 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Amenities
free wifi
microwave
refrigerator
maid service daily
wheelchair access to common areas
exterior surveillance
Building Details
Year Built
1971
Buildings
2
Listing Agency:
RE/MAX Elite Realty
(859) 200-2901
Listed By:
Alvin Whitaker · License #200275
Source:
Sellkentucky
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 28 at 12:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Elite Realty
Investment Insights
Based on property information with market context.
Built in 1971, the hotel contains 52 guest rooms within a 16,280-square-foot property at 230 Eastern in Richmond, Kentucky. Room configurations include single- and double-bed options, with guest amenities that include Wi-Fi, parking, microwaves, and refrigerators. Daily maid service supports ongoing operations, while wheelchair access is provided in common areas and exterior surveillance is in place.
A 9,000-square-foot conference hall located behind the hotel is also offered for sale. The hotel and conference hall may be acquired together under the same deed. A one-year contract has been signed with Travelodge by Wyndam, and a new sign is in place.
A 9,000-square-foot conference hall located behind the hotel is also offered for sale. The hotel and conference hall may be acquired together under the same deed. A one-year contract has been signed with Travelodge by Wyndam, and a new sign is in place.
Key Highlights
- 52‑room hotel at 230 Eastern, Richmond, KY 40475
- 16,280‑square‑foot property built in 1971
- 9,000 s.f. conference hall offered behind the hotel
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
114
Businesses Nearby
Explore this area
Business Placement
Demographics for 40475, KY
62,531
Population
28,118
Households
2.2
Avg Household Size
35
Median Age
37%
College-Educated
93%
High-School Grad
287.3 sq mi
ZIP Area
218
Density / Sq Mi
$62,731
Median Household Income
$35,102
Median Earnings
$863
Median Rent
$232,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Operating lodging property with daily maid service, guest Wi-Fi, parking, in-room microwaves and refrigerators, and accessible common areas.
Where is this hotel located?
The property is located at 230 Eastern Richmond, KY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 52‑room hotel at 230 Eastern, Richmond, KY 40475; 16,280‑square‑foot property built in 1971; 9,000 s.f. conference hall offered behind the hotel
