428 Ctr Ave, Oakley, KS 67748-1718

Property Details for 428 Ctr Ave

Year built

1952

Lot size

0.41 lot acres

Property type

Motels

APN

012-03-0-10-27-002.00-0

APU

120301027002000

Description

This exceptional 20-key motel presents a lucrative investment opportunity in Oakley, Kansas. Ideally situated near Highway 40 and Interstate 70, this established property boasts a prime location for attracting travelers. Built in 1954 and extensively renovated in 2019, the motel offers 20 updated guest rooms, each equipped with a smart TV (installed within the last four years). The property also includes a manager's apartment, providing convenient on-site management. A new roof was installed five years ago, ensuring long-term structural integrity, and all mattresses were replaced at the same time, guaranteeing guest comfort. Further enhancing guest convenience, the motel features an on-site laundry facility with two coin-operated washers and dryers, as well as a vending machine. The 0.41-acre lot provides ample space. The absence of a franchise affiliation eliminates potential Property Improvement Plan (PIP) costs. This turnkey operation is meticulously maintained and ready for immediate ownership, presenting a rare opportunity for a buyer seeking a hassle-free entry into the hospitality industry. The asking price is $695,000. This is a well-maintained, profitable motel, ready for a new owner. The single-story building offers easy management and accessibility.

Location Insight

City

Oakley

County

Logan

State

Kansas

Longitude

-100.853

Latitude

39.1297

Property Tax & Assessments