840 Us-20Chadron, NE 69337

For Sale
$1,050,000

42-key hotel, high-yield opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
92
This 42-key Super 8 motel in Chadron, Nebraska presents a compelling investment opportunity. The property, located at 840 US-20, boasts a substantial 18,808 square feet on a 0.93-acre lot. Built in 1978, the two-story building offers an established presence in a prime location along a major highway, making it a convenient stop for travelers. The asking price is $1,050,000, representing a compelling price per square foot of $55.83 and a projected cap rate of 13.10%. The property includes an indoor pool and benefits from its proximity to popular tourist destinations like Mount Rushmore. This established hotel offers a strong foundation for continued operation and potential value-add improvements. The property's location in Dawes County, Nebraska, zip code 69337, ensures convenient access to local amenities and transportation routes. The property's APN is 230006185. This is an exceptional chance to acquire a profitable hospitality asset with significant upside potential. The property is well-maintained and ready for a new owner to capitalize on its established business and strategic location. This is a value-add opportunity with potential for increased revenue and profitability.

Property Details for 840 Us-20

Property type
Other hospitality properties, Motels
Square Feet
18,808 SF
Year Built
1978
Buildings
1
Stories
2
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Chadron
County
Dawes
State
Nebraska
Latitude
42.8298914
Longitude
-103.0117073
840 Us-20, Chadron, Nebraska

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840 Us-20
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