2550 Lone Oak Rd Paducah, KY 42003
- Commercial real estate
Current Use by Public Records
- Travelers Inn & Suites / Short Term Apartment Rental Agency / Extended Stay Hotel
- Denton Motel & Suites / Hotel
Property Details for 2550 Lone Oak Rd
- Property type
- Commercial real estate
- APN
- 097-11-00-047
- APU
- 971100047
Description
This exceptional income-producing property, located at 2550 Lone Oak Road in Paducah, Kentucky, presents a lucrative investment opportunity. The well-maintained hotel boasts 33 rooms, strategically positioned just one mile from Interstate 24, ensuring high visibility and convenient access. The property encompasses a substantial 5,604 square feet and includes a comfortable three-bedroom, two-bathroom manager's apartment, ideal for on-site management or additional rental income. The hotel's diverse room offerings cater to a range of guests, featuring 19 kitchenettes (each approximately 800 square feet), 11 studio suites (450 square feet each), and 3 smaller rooms (approximately 350 square feet each). Significant recent improvements enhance the property's value and appeal. Twelve rooms have undergone complete renovations, including new flooring, air conditioning systems, and fresh paint. A new stairwell in the rear building improves accessibility and safety. Furthermore, a modern, updated lock system has been installed throughout the property, ensuring enhanced security for guests and management. Priced at $2,200,000, this turnkey operation offers immediate income potential and significant upside for a savvy investor. The property sits on a 0-acre lot. This is a rare opportunity to acquire a well-established, income-generating hotel in a prime location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Paducah
- County
- Mccracken
- State
- Kentucky
- Longitude
- -88.6581
- Latitude
- 37.0421
- CBSA code
- 37140
- CBSA name
- PADUCAH, KY-IL MICROPOLITAN STATISTICAL AREA
