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    225 Sturgis Rd Marion, KY 42064

    For Sale
    $1,500,000

    19-Key Motel, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This charming 19-key motel presents a compelling investment opportunity in Marion, Kentucky. Situated on a spacious 2.7-acre lot at 225 Sturgis Rd, this established property offers significant potential for growth. Built in 1951, the Royal Inn has benefited from renovations, ensuring its rooms are well-maintained and equipped with necessary amenities. The asking price is $1,500,000. The motel enjoys a highly desirable location, offering convenient access to I-24 and US-60, placing it minutes from the James Bruce Convention Center, Lake Barkley, and Kentucky Lake. This strategic positioning within a thriving area, boasting a 2022 median household income of $50,158 within a one-mile radius and $76,494 on average, makes it an attractive prospect for investors seeking to enter or expand their presence in the hospitality sector. The property's strong location and established operational history make it a solid investment with potential for increased profitability. This turnkey operation is ready for a new owner to capitalize on its existing success and further develop its potential. The property's size and location provide ample opportunity for future expansion or diversification of services. This is a rare opportunity to acquire a well-established motel in a growing market.

    Property Features for 225 Sturgis Rd

    General Information

    Property type
    Motels
    Lot Size
    117,612 SF

    HighLights

    • $1,500,000 asking price.
    • 19‑key motel in Marion, KY.
    • 2.7‑acre lot.
    • Located at 225 Sturgis Rd, Marion, KY 42064.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Royal Inn & Suites Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Crittenden
    State
    Kentucky
    Longitude
    -88.0748652
    Latitude
    37.3418492

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    FAQs

    What type of property is this?
    Motel - 19-Key Motel, Prime Location
    Where is this motel located?
    The property is located at 225 Sturgis Rd Marion, KY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 19-key motel in Marion, KY.; 2.7-acre lot.
    Request Owner's contact information
    225 Sturgis Rd Marion, KY 42064
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    Marion, KY 42064
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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
    225 Sturgis Rd Marion, KY 42064
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