120 Huckleberry Heights Dr Hannibal, MO 63401
- Hospitality properties
- 1.02 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 120 Huckleberry Heights Dr
- Year built
- 1985
- Lot size
- 1.02 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 57-key Super 8 hotel in Hannibal, Missouri, presents a compelling investment opportunity. Priced at $2,300,000 ($40,351 per key), this three-story, 1985-built property underwent a significant $240,000 renovation in 2023, ensuring excellent condition. Situated on a 1.02-acre lot in the E-Commercial District (63401), the hotel boasts convenient access to regional commerce along the Mississippi River, just 1.5 hours from St. Louis and 3 hours from Kansas City. Currently operating at 58.32% occupancy, this established franchise presents an ideal size and operating model for owner-operators. Amenities include an outdoor pool and a manager's apartment. The property's absentee ownership structure offers significant upside potential for a hands-on operator. This is a turnkey operation in a prime location with recent renovations and strong potential for increased profitability. The hotel's location within a thriving commercial hub and its recent upgrades make it an attractive investment for both experienced and first-time hospitality investors. The property's strong franchise affiliation and existing infrastructure provide a solid foundation for future growth and success. The current occupancy rate, combined with the recent renovations, suggests a strong return on investment.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hannibal
- County
- Marion
- State
- Missouri
- Longitude
- -91.3886
- Latitude
- 39.6991
