120 Cathy StFremont, NE 68025

For Sale
$2,300,000

68-Room Hotel, Great Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This three-story, 68-key Rodeway Inn, built in 1999 and renovated in 2019, presents a compelling investment opportunity in Fremont, Nebraska. Located at 120 Cathy St, Fremont, NE 68025, this single-building hotel boasts oversized rooms and business suites, all equipped with microwaves, mini-fridges, and coffee makers. The property features a new roof (2019), newer exterior paint (2020), and ample parking for trucks and buses. The hotel is entirely non-smoking. Fremont, a city of approximately 28,000 residents, offers a strong local economy driven by manufacturing, agriculture, food processing, healthcare, transportation, and education. Major employers include Valmont Industries, Wholestone Farms, and Lincoln Premium Poultry (COSTCO), along with Midland University (nearly 2,000 students, faculty, and staff) and Fremont Methodist Health Center (a regional hospital with over 1,000 employees). The hotel's proximity to Omaha (approximately 30 minutes to downtown and the new Eppley International Airport) provides additional market access. This absentee-owned property offers significant upside potential with the implementation of a focused marketing plan and operational improvements. The existing Rodeway Inn flag is available, along with other branding options. The asking price is $2,300,000.

Highlights

  • Original owner-developer.
  • Absentee ownership.
  • Built in 1999.
  • Three-story building with elevator.
  • Located within 30 minutes of downtown Omaha and the new $1.2 billion Eppley International Airport.
  • Exterior repainted in 2020.

Property Details for 120 Cathy St

Property type
Other hospitality properties, Hotels
Year Built/Renovated
1999/2019
Buildings
1
Stories
3

Location Insight

City
Fremont
County
Dodge
State
Nebraska
Latitude
41.470137693526
Longitude
-96.495113954786
120 Cathy St, Fremont, Nebraska

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120 Cathy St
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