102 S 1st Ave $1,750,000

OWNER is up 16% YTD!! Over 14.7% CAP Rate!!! The Crossroads Inn is located at the intersection of Hwy S. US 18 and Hwy 73 in Martin, SD. It is the only motel in Martin and Bennett County. The nearest comparable motels are 50 mi. SW, 100 mi. W, 60 mi. N, 100 mi. E, and 120 mi. S. Because of its location bordered on 3 sides by Reservations and Nebraska on the South it is in an ideal location to attract business. The Guests consist of repeat stays, by route delivery companies, State and Federal agencies,as well as extended stays by construction companies all working on the reservations. Weddings, funerals, grain harvesters, tourists, make a busy summer. Hunting through the fall and spring are major draws with a lot of them booking a year in advance. Because of this mix of guests it maintains a good occupancy rate through the year with January and February being the slow months. This is an independent motel thus saving a lot of fees but has always been AAA rated.

Lot Size : 1.01 - 5
Lot Acres : 3.00
Lot Type : Other
School District : No
Style : Hotel/Motel
102 1st Ave
Martin, South Dakota 57551
Region: Bennett County
Sale Type: For Sale
Ref #: 54867
Category: Commercial
Listed by Josh Uhre - VIP Properties, LLC on Monday, 22 May 2017 [For Sale]