211 N 9Th St Canute, OK 73626
For Sale
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This exceptional investment opportunity presents a 64+ room motel situated on a 1.06-acre lot at 211 N 9th Street, Canute, OK. Conveniently located just off Interstate 40 at the Canute exit, this property offers significant potential for a savvy investor. The existing structure boasts a substantial 12,636 square feet of space, including multiple guest rooms, a dedicated laundry room, and ample family rooms suitable for on-site management or staff. While the property requires some renovation—all existing carpeting has been removed—this presents a chance to customize and upgrade to meet current market demands. The extensive parking area ensures ample space for guests and staff. The asking price of $450,000 reflects the significant upside potential inherent in this prime location and substantial building size. This is an ideal opportunity for an investor seeking a high-return project with strong potential for growth in a convenient location. The property's proximity to I-40 provides excellent visibility and accessibility, making it an attractive destination for travelers. With some investment in renovations and upgrades, this motel can be transformed into a thriving business.
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
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.