1617 Smt St Arkansas City, KS 67005-3918
This exceptional investment opportunity presents the Americas Best Value Inn Arkansas City, a 47-key hotel ideally situated at 1617 N Summit St, Arkansas City, KS 67005. Boasting a substantial 287,496 square feet, including a 15,596 square foot building on a 6.60-acre lot, this property offers ample parking with a generous 1.32 spots per room. Originally constructed in 1964 and renovated in 2000, the hotel operates under a C-3 zoning permit. The asking price is $925,000, translating to an attractive price per key of $19,681 and a competitive price per square foot of $59.31. The property benefits from a strong location with positive surrounding demographic trends, including a rising median household income. This presents a compelling opportunity for investors seeking a well-established hospitality asset in a desirable Kansas market. The property's size, parking availability, and established history make it a strong contender for continued success and profitability. The substantial land area also offers potential for future expansion or development. This is a turnkey operation ready for a new owner to capitalize on its existing strengths and potential for growth.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.