$1,100,000
$1,500,000
26.7%For more information regarding the value of a property, please contact us for a free consultation.
2.1 Acres Lot
SOLD DATE : 11/09/2023
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Hotel & Motel
Listing Status Sold
Purchase Type For Sale
Subdivision None
MLS Listing ID 202300579
Sold Date 11/09/23
Year Built 1987
Annual Tax Amount $22,165
Tax Year 2021
Lot Size 2.100 Acres
Property Description
Incredible investment opportunity in a thriving area, perfectly situated along the Boulevard in French Lick! This property is centrally located for easy access to dining, shopping, Big Splash Water Park and the French Lick Resort Casino. This motel offers nightly or weekly rentals with 40 units total plus managers apartment/office area. The site features 2+ acres and over 15,000 square feet of finished space. The property consist of 3 buildings with building 1 having 19 rooms with queen beds and 1 handicap room, building 2 includes 11 rooms with double beds, break room, laundry room, and 1 suite. Building 3 consist of 10 rooms with double beds, 1 handicap room, and 1 suite. The current 2022 occupancy rate is 58%
Location
State IN
County Orange County
Area Orange County
Direction 8483 West St Rd 56 French Lick, IN 47432
Interior
Flooring Carpet, Laminate
Appliance Building, Business, Furniture, Inventory
Exterior
Waterfront No
Roof Type Shingle
Parking Type Parking Lot
Building
Story 1
New Construction No
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IDX information provided by the Indiana Regional MLS
Bought with RANDY CHAPLIN • Brooks Galloway Real Estate