1220 Marion St Manchester, IA 52057
- Hotels
- 23,130 SF
- 1.58 lot acres
Current Use by Public Records
- Hotels
Property Details for 1220 Marion St
- Year built
- 2000
- Construction
- FRAME
- Lot size
- 1.58 lot acres
- Property size
- 23,130 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 631312000640
- APU
- 631312000640
Description
This exceptional investment opportunity presents a 43-room, two-story hotel ideally situated at 1220 W Marion Street in Manchester, Iowa. Boasting a prime location adjacent to a Walmart, this property benefits from significant foot traffic and high visibility due to its proximity to an interstate highway. The hotel features an attractive array of amenities including an indoor pool and a dedicated breakfast area, enhancing guest experience and potential revenue streams. The substantial 11,574 square foot building sits on a half-acre lot, providing ample parking for guests and staff. The large parking area is a key advantage, accommodating a high volume of vehicles. While the current hotel name is not included in the sale, this presents a unique opportunity for rebranding and maximizing market potential. The asking price for this established hotel is $1,300,000. This property is well-suited for investors seeking a strong return on investment in a thriving commercial area. The existing infrastructure and amenities provide a solid foundation for continued success, with potential for further development and improvement. This is a rare chance to acquire a well-established hotel in a high-traffic location with significant growth potential. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Delaware
- State
- Iowa
- Longitude
- -91.4779
- Latitude
- 42.4811
