1334 Washington St Dale, IN 47523-9687

This fee-simple Motel 6 in Dale, Indiana, presents a compelling value-add investment opportunity. The 61-key property, boasting 24,141 square feet, is situated on a 1.3-acre lot at 1334 N Washington St, Dale, IN 47523. Built in 1998 and renovated in 2016, this three-story hotel features interior corridors and offers significant upside potential. Currently operating at 28% occupancy (as of September 30, 2024), the property's asking price is $1,300,000, or $53.85 per square foot and $21,311 per key. The property's strategic location adjacent to I-64 and US-231 provides excellent accessibility, benefiting from proximity to both Louisville Muhammad Ali International Airport (82 miles) and Evansville Regional Airport (40 miles). The area's blend of corporate and leisure travel, fueled by attractions like Holiday World & Splashin’ Safari, and the presence of agriculture and manufacturing industries, creates a year-round demand for lodging. The property is zoned commercial and has a Spencer County APN of 74-02-08-100-0. Minimal franchise transfer PIP is anticipated, streamlining the transition for the new owner. This presents a rare chance to acquire a well-located, established hotel with the potential for substantial revenue growth.