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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

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.
More about this property
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