Property summary
This exceptional 18-room motel presents a rare investment opportunity in the heart of historic Houston, Missouri. Situated on a 1.27-acre lot with ample parking, this property boasts a prime location on Highway 63, ensuring high visibility and convenient access. Built in 1955, the motel has undergone significant interior and exterior renovations in recent years, maintaining its charm while offering modern amenities. The property includes a spacious 5,500 square foot banquet hall and restaurant, complete with walk-in coolers and all necessary equipment, presenting significant revenue potential. Guest accommodations consist of 18 rooms, including four king rooms and handicap-accessible options. Additional features include a private owner's quarters, an office, a laundry room equipped with commercial washers and dryers, a guest laundry facility, internet access, attractive signage, covered sidewalks, and a covered patio for outdoor enjoyment. The property's location offers easy access to popular outdoor recreational activities such as floating, fishing, hiking, horseback riding, and the nearby National Forest. The area's thriving hunting community, attracted by whitetail deer and turkey, further enhances the property's appeal. This turnkey operation is ideal for an owner-operator seeking a profitable venture in a growing community with limited competition. The ample lot size allows for potential expansion, making this a truly unique and promising investment. The motivated seller is ready to act.
Property profile
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
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