Best Western U-Bar Motel

130 Ash Street Canistota, SD

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Sale Price: $495,000

Building Size: 10,184 Sq. Ft.

Total Available Space: 10,184 Sq. Ft.

Property Type: Business Opportunity | Investment | Hospitality

Property Description

Property Features

  • Reduced to $495,000
  • Motel & two single family residence
  • 10,184 total building sq. ft.
  • 27 rooms on one level = 6,552 sq.ft.
  • Hotel common facilities = 1,500 sq. ft.
  • Owner’s residence = 1,100 sq. ft.
  • Single story house = 1,032 sq. ft.
  • Total lot size = 1.46 acres
  • 54.51% average daily occupancy
  • ADR averages $57.59 for the year
  • Property built in 1950 & 1970
  • Surface parking with approximately 32 spaces

Pricing

  • Reduced to $495,000 ($48.60/sq. ft.)
  • $18,333.33/per key
  • 2015 Real Estate Taxes total $10,580.62
  • Financials available upon request

Location

  • Located between 2nd & 3rd Avenue in Canistota
  • Canistota is located between Mitchell & Sioux Falls, 5 miles off I-90.
  • Area neighbors include the world renown Ortman Clinic, Good Samaritan, Ortman Hotel, Cameron Inn, Baxa’s Good Times Cafe & Pub, Battlecreek Steakhouse, & Lake Vermillion Recreation area

Brokers

Dale Zomer

Broker Associate

Office Phone: 605-444-7117

Dale Zomer joined NAI Sioux Falls in May of 2016 as a Broker Associate.  Dale brings 25 years experience of representing clients in the sale or purchase of income-producing properties.

View Dale's Profile