820 Washington St Junction City, KS 66441-3804

Property Details for 820 Washington St

Year built

1949

Lot size

1.70 lot acres

Property size

1,512 SF

Zone code

CSR

Property type

Hotels

APN

116-13-0-20-02-001.00-0

APU

1161302002001000

Description

This Junction City, Kansas motel boasts 32 recently renovated rooms, some with kitchenettes, situated on a prime I-70 location. Built in 1949 and extensively updated in 2024, this four-building property has consistently achieved 80% occupancy over the past three years, demonstrating a strong and reliable income stream. Its strategic location near Fort Riley Military Base, Geary Community Hospital, and Junction City School District ensures a consistent demand for lodging from military personnel, hospital staff, and their families. The city's vibrant community and annual events, such as the Sundown Salute, attract additional visitors, further boosting occupancy rates. The property presents a compelling investment opportunity, offering potential for continued operation as a motel or conversion into multi-family housing. Junction City's stable economy and growing population create a favorable market for both short-term and long-term rentals. The existing kitchenette-equipped rooms provide a significant advantage for potential multi-family conversion, reducing initial renovation costs. Proximity to essential amenities, including schools, hospitals, and retail centers, enhances the property's appeal to both short-term and long-term tenants. Easy access to I-70 ensures convenient access for residents and visitors alike. This property offers a unique blend of immediate income generation and significant long-term growth potential.

Location Insight

City

Junction City

County

Geary

State

Kansas

Longitude

-96.8304

Latitude

39.0146

CBSA code

31740

CBSA name

MANHATTAN, KS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments