1133 Washington St Junction City, KS 66441-3809
This exceptional 81-room Super 8 by Wyndham hotel presents a lucrative investment opportunity in Junction City, Kansas. Built in 1963 and extensively renovated in 2023, this two-story property sits on a spacious 1.63-acre lot, totaling 71,003 square feet. Its prime location just off Interstate 70, exit 296, ensures high visibility and easy access for travelers. The hotel's strategic proximity to US Route 77 and Manhattan Regional Airport caters to a diverse clientele, including business travelers, tourists, and those needing temporary lodging. The surrounding area boasts numerous dining and shopping options, enhancing the guest experience. Furthermore, its location near scenic attractions like the Flint Hills and Milford Lake appeals to outdoor enthusiasts. Junction City's robust economy, fueled by Fort Riley Military Base and Geary Community Hospital, provides a stable market for this well-maintained hotel. This property offers a compelling blend of established success and recent upgrades, making it an attractive investment prospect. The asking price is $1,800,000.
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Super 8 by Wyndham Junction City Hotel & Motel
"CSR" Service Commercial Restricted District. A district designed to provide for those businesses and commercial uses which draw their customers from motorists on the highway, or for whom a location on a highway or arterial street is especially useful or necessary. Although some of the typical retail uses are permitted in other commercial districts, most of…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CSR · Junction City, KS"CSR" Service Commercial Restricted District. A district designed to provide for those businesses and commercial uses which draw their customers from motorists on the highway, or for whom a location on a highway or arterial street is especially useful or necessary. Although some of the typical retail uses are permitted in other commercial districts, most of these permitted uses in this district would not blend well into a prime retail area. 14. "CSS" Commercial Service Special District. Commercial Service Special District is designed for a very narrow blend of Special Purpose Business. 15. "IR" Restricted Industrial District. A district designed to permit light manufacturing and processing uses which shall be carried on within an enclosed structure. 16. "IL" Light Industrial District. A district designed to permit light manufacturing and processing uses. 17. "IH" Heavy Industrial District. A district designed to permit those industrial uses which by their very nature cannot be compatible with adjacent districts. 18. "AP" Airport District. A district designed to accommodate airports and certain uses which are associated with airports. 19. "IP" Industrial Park District. A district designed to permit a broad range of industrial activities within certain limitations. 20. "LR" Land Reserve District. A district designed to accommodate unimproved public land reserved for maintenance of an area in a generally natural environment for leisure and/or scenic purposes. 21. "PDD" Planned Development District. A district designed to accommodate flexible land use when traditional zoning regulations are difficult or impossible to implement. B. From time to time, planned development districts may also be established pursuant to the provisions of Chapter 435 of this Title.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
