618 Us-20Valentine, NE 69201

For Sale
$1,500,000

Nebraska Hospitality Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This 34-unit motel in Valentine, NE, offers a unique investment opportunity. Boasting 15,537 square feet on a 2.7-acre lot, this single-story property, built in 1962, features exterior corridors. Strategically located on Highways 70 and 135, it benefits from its position between I-90 and I-80, providing prime access for travelers. The property's 2023 revenue was $518,457, and it's priced at $1,500,000 ($96.54/sq ft and $44,118 per key). Its location in Valentine offers a thriving economy, affordable cost of living, and a welcoming community. The city is known for its natural beauty, including the Niobrara River and nearby national forests, providing ample outdoor recreation. Valentine also features locally-owned shops, restaurants, and a vibrant arts and culture scene. This property presents conversion opportunities for an owner-operator seeking a strong return on investment in a desirable location. The property is priced to sell at 2.89X Revenue. Further financial details are available upon request.

Highlights

  • 34-unit multifamily property with exterior corridors.
  • 2023 Revenue: $518,457.
  • Offered at a 2.89x capitalization rate.
  • Value-add potential through conversion opportunities.
  • Excellent owner-operator opportunity.

Property Details for 618 Us-20

Property type
Other hospitality properties, Motels
Square Feet
15,537 SF
Year Built
1962
Stories
1
Lot Size (sq. ft)
117,612 SF

Location Insight

City
Valentine
County
Cherry
State
Nebraska
Latitude
42.868007094159
Longitude
-100.55871190116
618 Us-20, Valentine, Nebraska

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618 Us-20
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