Oak Park Motel

Hospitality for Sale
Catylist Listing ID: 30775868
Property Subtypes: Bed & Breakfast, Extended Stay, Motel
Number of Units: 19 Units
Building Size (RSF): 4,574 SF
Gross Building Area: See Agent
Gross Land Area: 41,121 SF
Sale Price: $850,000
Unit Price: $44,736.84 Per Unit
Property Use Type: Investment, Business
Building Name: Oak Park Motel
Name of Establishment: Oak Park Motel
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

Over 25 years in business. Great location. Minutes from Downrtown Lincoln.

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Taxing Authority: Lancaster County Assessor's
Tax ID/APN: 1114222033000
Retail Clientele: General, Business, Traveler, Tourist, Other
Property Visibility: Fair
Largest Nearby Street: Cornhusker Highway
Highway Access: Cornhusker Hwy, Interstate 180, SunValley Blvd
Airports: Lincoln Airport
Site Description: Just under 1 acre of land, total of 3 buildings with plenty of parking
Nearby Attractions: Downtown Lincoln. Memorial Stadium, University of Lincoln.
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Average
Year Built: 1968
Roof Type: Hip
Construction/Siding: Block
Total Parking Spaces: 19
Parking Type: Surface
Parking Description: Asphalt Parking re surfaced in 2020
Sprinklers: None
Laundry: Shared
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Window Unit, Other
Interior Description: 12 Units have Kitchenette. Electric and Gas hook ups for stove.
Zoning Description: H3 Highway Commercial District/ Industrial
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple 100%
Legal Description: BELMONT ADDITION, BLOCK 22, Lot 24 - 34, AND W1/2 VAC N-S ALLEY ADJ TO LOTS 24 TO 32 & E1/2 VAC N-S ALLEY ADJ TO LOT 33.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,456 100,791 204,251
Median Age: 27.74 29.49 33.3
Households: 3,622 39,973 82,573


Photograph of Listing Agent

Melvin G Melendez

Nebraska Realty
MRCIE Member
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