107 Buffalo Creek DrElizabethtown, KY 42701

  • Other commercial real estate
  • 3.06 AC
For Sale

Property Details for 107 Buffalo Creek Dr

Lot size
3.06 AC
Property type
Other commercial real estate
APN
232-10-00-038
APU
2321000038

Description

This 76-key Country Inn & Suites in Elizabethtown, Kentucky, presents a compelling investment opportunity. Built in 2005 and recently renovated, the hotel boasts strong historical performance, including high occupancy rates, competitive Average Daily Rate (ADR), and solid Revenue Per Available Room (RevPAR). The property is located at 107 Buffalo Creek Dr, Elizabethtown, KY 42701, within Hardin County. Its strategic location benefits from the ongoing economic growth of the Elizabethtown region, positioning it for long-term value appreciation. The current ownership's consistent investment in the property minimizes the potential for post-acquisition capital expenditures (PIP), ensuring a smooth transition for a new investor. The hotel's strong operational history suggests consistent Net Operating Income (NOI) with further upside potential through strategic revenue management initiatives. This presents a rare chance to acquire a well-maintained, high-performing asset in a thriving market, offering a stable and potentially lucrative return on investment. The property's recent renovations ensure it remains competitive and attractive to guests, further enhancing its long-term prospects. This turnkey operation is ready for a new owner to capitalize on its established success and future growth potential within the Elizabethtown market.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $26,330,942
    Hospitality
    $24,119,002
    Educational
    $20,066,726
    Medical
    $20,756,852
    Retail
    $31,214,908
107 Buffalo Creek Dr, Elizabethtown, Kentucky
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Location Insight

City
Elizabethtown
County
Hardin
State
Kentucky
Latitude
37.7149
Longitude
-85.8326
CBSA code
21060
CBSA name
ELIZABETHTOWN-FORT KNOX, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$25,208
$700,000
$2,300,000
$3,000,000
-
$700,000
$2,300,000
$3,000,000

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