302 6th S Ave Clinton, IA 52732-4504
This exceptional 14,113 square foot commercial property, located at 302 6th Avenue South in the heart of downtown Clinton, Iowa, presents a lucrative investment opportunity. The property is a well-established 52-room hotel featuring an on-site restaurant, providing a diverse revenue stream. Its central location offers easy access to numerous shops and restaurants, enhancing its appeal to both business and leisure travelers. Ten of the hotel rooms boast private balconies, adding a premium touch for guests. The hotel also includes an outdoor swimming pool, a desirable amenity for guests during warmer months. Recent upgrades include the installation of new air conditioning units in 2020 and updated televisions throughout the property, ensuring modern comfort and convenience. The property sits on a 0-acre lot and is offered at $1,225,000. This turnkey operation is ready for a new owner to capitalize on its established reputation and prime location. The combination of hotel rooms and a restaurant provides a unique opportunity for significant return on investment. This is a rare chance to acquire a thriving business in a desirable downtown setting. Serious inquiries are encouraged to schedule a viewing and explore the potential of this exceptional property.
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Travel Inn Hotel & Motel
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
Similar Nearby for Lease
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.