1617 Summit StArkansas City, KS 67005

For Sale
$925,000

47-Key Hotel, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents the Americas Best Value Inn Arkansas City, a 47-key hotel ideally situated at 1617 N Summit St, Arkansas City, KS 67005. Boasting a substantial 287,496 square feet, including a 15,596 square foot building on a 6.60-acre lot, this property offers ample parking with a generous 1.32 spots per room. Originally constructed in 1964 and renovated in 2000, the hotel operates under a C-3 zoning permit. The asking price is $925,000, translating to an attractive price per key of $19,681 and a competitive price per square foot of $59.31. The property benefits from a strong location with positive surrounding demographic trends, including a rising median household income. This presents a compelling opportunity for investors seeking a well-established hospitality asset in a desirable Kansas market. The property's size, parking availability, and established history make it a strong contender for continued success and profitability. The substantial land area also offers potential for future expansion or development. This is a turnkey operation ready for a new owner to capitalize on its existing strengths and potential for growth.

Highlights

  • $925,000 asking price.
  • 47-key hotel/motel in Arkansas City, Kansas.
  • 287,496 square feet on a 6.6-acre lot.
  • Built in 1964, renovated in 2000.
  • C-3 zoning.

Property Details for 1617 Summit St

Property type
Other hospitality properties, Motels
Square Feet
287,496 SF
Year Built/Renovated
1964/2000

Location Insight

City
Arkansas City
County
Cowley
State
Kansas
Latitude
37.0819139
Longitude
-97.0411906
1617 Summit St, Arkansas City, Kansas

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1617 Summit St
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