Longtime successful business location in Lone Oak is now for sale. Income producing property. Beautiful, well-kept established 33 room hotel one mile from I-24. Motel includes a 3 bedroom, 2 bath manager's apartment, 19 large kitchenettes, 11 studio suites, and 3 smaller rooms. 12 rooms have been remodeled (new floors and AC), new paint and a new stairwell in the back building. A new lock system has been installed also. Occupancy rate from Feb. - Nov. averages 75 - 80% and Dec. - Jan. averages 50% occupancy. Currently No 3rd party bookings or advertising. Potential to increase revenue. Great investment opportunity! Current owner wants to retire.
Listing courtesy of Purchase Realty Group. Selling Office: .
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