1419 3rd St Alliance, NE 69301-3127
This 40-key hotel in Alliance, Nebraska presents a compelling investment opportunity. Located at 1419 W 3rd St, this property boasts 7,023 square feet on a 0.92-acre lot, with an asking price of $1,200,000 ($170.87/sq ft). Built in 1981 and recently renovated in 2023/2024, the hotel is zoned Z02 and enjoys a convenient location off Highway 385. The property features amenities including free Wi-Fi, a 24-hour front desk, free parking, and pet-friendly accommodations. Each of the 40 guest rooms includes a private bathroom with shower, free toiletries, a hairdryer, air conditioning, and a desk. Additional guest services include copy, print, and fax machines. The hotel's proximity to casual dining establishments further enhances its appeal. Wyndham approval for a Super 8 franchise is in place, offering up to $2400 per key in franchise money. This well-maintained hotel offers strong potential for immediate returns and future growth in a desirable location. The recent renovations ensure the property is in excellent condition and ready for immediate operation. This is an exceptional opportunity to acquire a profitable hospitality asset in a thriving market. The property's strong location and established amenities make it an attractive option for both seasoned investors and newcomers to the hospitality sector.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
03-COMMERCIAL · Alliance, NEAlliance. Always verify with local authorities before improvements.
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.