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    605 Us-20 Gordon, NE 69343

    For Sale
    $260,000

    26-key hotel/motel, redevelopment opportunity

    Property size:
    13,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 13,820 square foot, two-story hotel and motel in Gordon, Nebraska presents a compelling redevelopment opportunity. The property, built in 1972, sits on a 2.35-acre lot directly on Highway 20, offering excellent visibility and accessibility. Currently featuring 20 motel rooms and 5 hotel rooms, the existing infrastructure provides a solid foundation for various ventures. The lower level includes a full-service restaurant and cocktail lounge, ripe for revitalization. The expansive lot offers significant additional development potential, making this a versatile investment for entrepreneurs seeking to capitalize on its prime location and existing infrastructure. The property's Commercial zoning allows for a range of uses. The asking price is $260,000, with a price per square foot of $18.81. The property includes one building, with a total of 26 keys, and the APN is 810092964. This is an exceptional chance to acquire a substantial property with significant upside in a desirable location.

    Property Features for 605 Us-20

    General Information

    Property type
    Motels
    Square Feet
    13,820 SF
    Lot Size
    102,366 SF

    Building Details

    Year Built
    1972
    Buildings
    1
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Gordon
    County
    Sheridan
    State
    Nebraska
    Longitude
    -102.21105546744
    Latitude
    42.799911684168

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    Nearby Similar for Sale

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      Turn-Key Motel with Highway Visibility

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    FAQs

    What type of property is this?
    Motel - 26-key hotel/motel, redevelopment opportunity
    Where is this motel located?
    The property is located at 605 Us-20 Gordon, NE.
    What is the asking price?
    The asking price for this property is $260,000.
    Request Owner's contact information
    605 Us-20 Gordon, NE 69343
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    Gordon, NE 69343
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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
    605 Us-20 Gordon, NE 69343
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