Current Use by Public Records
- Hospitality properties
Property Details for 703 Berry St
- Year built
- 2018
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 1-story boutique hotel in Hamilton, Missouri, presents a lucrative investment opportunity. Built in 1950 and completely renovated in 2018, the property boasts 6 spacious guest suites, each featuring two bedrooms, 3-4 bathrooms, and a sitting area. An additional one-bedroom suite enhances the accommodation options. The hotel's impeccable design includes charming vanities throughout. A significant asset is the 7,200 sq ft event hall, constructed in 2019 and equipped with state-of-the-art facilities, perfect for various events. A large commercial kitchen caters to both in-house needs and outside catering. Situated on a 40,685 sq ft lot, less than a mile from local shops and restaurants, the hotel benefits from its proximity to the Missouri Star Quilt Company, attracting over 100,000 visitors annually. Currently leased to a successful quilting retreat company with a lease extending to February 2029, this property offers immediate income and significant long-term potential within Hamilton's thriving hospitality and event sector. The asking price is $1,600,000. This presents a unique chance to acquire a well-established, high-performing asset in a vibrant community.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gallatin
- County
- Caldwell
- State
- Missouri
- Longitude
- -93.947
- Latitude
- 39.8732
