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NE
Columbus
68601
265 33rd Ave

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FOR SALE

Commercial real estate

265 33Rd Ave Columbus, NE 68601

1 ac lot

Entity Owned 13-yr Hold Free & Clear

Property ID

US57-0916871

$900,000

265 33Rd Ave, Columbus, NE 68601
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This 90,000 square foot, 140-key Quality Inn in Columbus, Nebraska, presents a compelling value-add investment opportunity. Recently converted from a Ramada, this property boasts significant event space, including 10 meeting rooms capable of hosting up to 800 conference attendees or 700 banquet guests, totaling 20,850 square feet. The hotel benefits from a prime location along US-30, near Highway 81, offering convenient access to the Columbus Municipal Airport (10 minutes away), local attractions, and recreational areas. Amenities include complimentary Wi-Fi, electric car charging stations, a fitness center, an indoor pool with a heated water play area, and on-site dining, currently operated under a lease with rent escalations. The property's strong location and extensive event space cater to a diverse clientele, including large groups, families, and corporate events. The hotel is the only mid-scale, branded motel in town. Financial records have been updated (accounting switched over November 2023, reservation system April 2024), and financing is available. The property's asking price is $6,500,000 ($72.22/sq ft). No immediate capital expenditures are anticipated. Conference room rentals and F&B lease revenue provide multiple income streams.