2207 Buckeye Ave Abilene, KS 67410-1508

This exceptional investment opportunity presents a 58-key Super 8 by Wyndham hotel in Abilene, Kansas. Strategically located on a prominent corner with direct I-70 interstate access, this three-story, 22,899 square foot property boasts excellent visibility and high traffic exposure. Built in 1989 and extensively renovated in 2020, the hotel features 80 beds across its 58 rooms, offering a strong foundation for continued success. The property sits on a 1.61-acre lot and includes 55 parking spaces, plus seven additional spaces for larger vehicles. Currently operating at an 80% occupancy rate, this stabilized investment boasts a 5.00% cap rate and is priced at $1,900,000 ($82.97/sq ft and $23,750/bed). The hotel benefits from a Commercial General zoning designation and is situated in a vibrant and growing community with several large employers. This prime location offers significant potential for increased revenue and return on investment. The property's recent updates, including new carpet and paint, ensure a modern and comfortable guest experience. This is a rare opportunity to acquire a well-maintained, high-performing hotel in a desirable location. The property is for sale by owner.