1822 20Th PlScottsbluff, NE 69361

For Sale
$975,000

56-Key Hotel, Prime Location, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 56-unit hotel, the Candlelight Inn, presents a lucrative investment opportunity in Scottsbluff, Nebraska. Built in 1967, this two-story, 27,259 square foot property sits on a 1.38-acre lot at 1822 E 20th Pl, 69361, offering convenient access to Highway 26 and nearby national parks. The interior corridor design features 56 keys, priced at $975,000 ($35.77/sq ft and $17,411 per key). A significant on-site manager's quarters adds to the property's operational efficiency. The property's location within an Opportunity Zone presents potential for advantageous tax benefits and conversion opportunities. This established hotel offers a strong foundation for continued success and significant return on investment. The property's size and features make it ideal for an owner-operator seeking a hands-on approach to management. Detailed financial information is available upon request.

Highlights

  • 56-unit hotel in Scottsbluff, NE.
  • $975,000 asking price ($17,411 per key, $35.77/sq ft).
  • Interior corridor design, two-story building.
  • On-site manager's quarters.
  • Located in an Opportunity Zone, offering potential tax benefits and conversion options.

Property Details for 1822 20Th Pl

Property type
Other hospitality properties, Motels
Square Feet
27,259 SF
Year Built
1967
Buildings
1
Stories
2
Lot Size (sq. ft)
60,113 SF

Location Insight

City
Scottsbluff
County
Scotts Bluff
State
Nebraska
Latitude
41.865383061715
Longitude
-103.63984681243
1822 20Th Pl, Scottsbluff, Nebraska

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1822 20Th Pl
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