Home Motel

361 S Nebraska St Salem, SD

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Sale Price: $299,000

Total Available Space: 8,300 sq. ft

Year Built: 1962

Property Description

Property Features

  • Motel
  • Building size: 8,300 sq. ft.
  • 15 rooms and one apartment on one level
  • Total lot size = 1.47 acres (64,033 sq. ft.)
  • 50% average daily occupancy
  • ADR $65.00 for the year
  • Year built: 1962
  • Surface parking with approximately 26 spaces

Pricing

  • $299,000 ($63.02/sq. ft.)
  • $18,687.50/per key
  • 2016 Real Estate Taxes: $4,776.32
  • Financials available upon request

Location

  • Located on Highway 81 in Salem, SD
  • 4 miles north of 1-90

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