425 Flint Ridge Rd Horse Cave, KY 42749
- Commercial real estate
- 35,064 SF
- 3.66 lot acres
Current Use by Public Records
- Quality Inn & Suites / Hotel
Property Details for 425 Flint Ridge Rd
- Year built
- 2000
- Construction
- FRAME
- Lot size
- 3.66 lot acres
- Property size
- 35,064 SF
- Property type
- Commercial real estate
- APN
- 046-00-00-070.00
- APU
- 46000007000
Description
This 33,802 square foot, two-story Quality Inn & Suites in Horse Cave, Kentucky, is offered at $2,990,000. Built in 1964, this fee-simple property sits on 3.66 acres and boasts 77 keys, currently operating at 67.7% occupancy (as of September 30, 2024). The hotel features amenities including an outdoor pool, complimentary breakfast, and a business center. A closed restaurant building on-site presents an opportunity for additional revenue generation. The property enjoys a prime location off Interstate 65, benefiting from the significant tourism in the Mammoth Cave National Park area (over 2,000,000 annual visitors). Furthermore, the proximity to the under-construction $5.8 billion Ford BlueOvalSK Battery Park, projected to create thousands of jobs, presents substantial potential for increased occupancy and revenue. The property's Net Operating Income (NOI) is $326,864, resulting in a 10.90% cap rate and a price per key of $38,381. Minimal upgrades are needed. This presents a compelling investment opportunity for owner/users seeking to capitalize on the region's growth and tourism. The property's APN is 046-00-00-070.00.
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
- Horse Cave
- County
- Hart
- State
- Kentucky
- Longitude
- -85.94
- Latitude
- 37.2017
