14 State St Iola, KS 66749-2816
- Motels
- 5,564 SF
- 0.58 lot acres
Current Use by Public Records
- Regency Inn Iola Kansas - Top Branded Motel in Iola - Hwy 54 - Extended Stay / Hotel
Property Details for 14 State St
- Year built
- 1964
- Construction
- FRAME
- Lot size
- 0.58 lot acres
- Property size
- 5,564 SF
- Property type
- Motels
- APN
- 078-27-0-40-13-005.00-0
- APU
- 782704013005000
Description
This exceptional 54-key hotel in Iola, Kansas, presents a compelling investment opportunity. Located at 14 N State St, this single-story, 5,564 square foot property sits on a 1.35-acre lot. Built in 1964, the Regency Inn boasts a high occupancy rate and strong financial performance, generating a year-to-date revenue of $450,000 (beginning February 2024) and a projected gross revenue of $600,000. The asking price is $1,750,000, representing an attractive 11.60% cap rate. This owner-user investment presents multiple revenue streams and significant potential for growth. The property's prime location in Allen County, Kansas (zip code 66749) offers excellent access to local amenities and attractions. This is a rare opportunity to acquire a well-established hotel with a proven track record of success in a thriving market. Detailed financial information is available upon request. The property is offered for sale by owner.
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
- Iola
- County
- Allen
- State
- Kansas
- Longitude
- -95.4096
- Latitude
- 37.9225
