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Federal Zone Motel In Windom For Sale

Windom, Minnesota
Asking Price:
$1,190,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (USD)
Cash Flow:
$100K - $250K (USD)

Motel In Federal Opportunity Zone

Highlights:

3 Buildings; 39 Units (32 w/attached garages)
Redevelopment Opportunity
Main Building with Lobby, Breakfast Area, Laundry, Restrooms, Front Desk
Excellent Price!

Description
Calling hospitality investors! Motel business for sale in south central Minnesota. Highway visibility with three buildings/ 39 units (32 with attached garages). Approximately half of the units have been remodeled. Prime redevelopment opportunity for apartments, assisted living or other extended-stay uses.

Appraised for $1,900,000 (2015); Financials available upon request with nondisclosure consent.

Opportunity Zone investment - Move the gains from your taxable investment (real estate, stock and business sales) and defer all gains until 2026. Eliminate 15% of your capital gains if funds held in opportunity zone for 7 years. Hold investment for 10 years and exclude accured capital gains.

Location

More than 13,500 VPD drive by this Motel. Highly visible location from First Avenue - just North of State Highway 60. 120 Miles Southwest of Minneapolis/Twin Cities Metro, 60 miles southwest of Mankato. Windom's population is 4.646 and is the county seat of Cottonwood County. Windom is host to several parks including a disc golf course at Mayflower Park. The Des Moines River flows through Windom and serves as a gentle, rapid-free canoeing spot. Annual summer festival, Riverfest, is held on the second weekend in June and Winter-River-Fest is held in February, bringing visitors in from south central Minnesota.

Click documents to access online NDA for financials

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Owner could live on site

Location:

Windom, MN

Premises Details:

32 individual rooms with attached garages and 7 rooms in main building above lobby.
Continental breakfast served in breakfast/meeting space.

Size in square feet:
8,036

Business Operation

Expansion Potential:

There is plenty of land for expansion and could also convert into assisted living accomodations or apartment rentals.

Competition / Market:

There are 2 other motels in Widom, MN

Reasons for selling:

Owner retirement and lives far away from property

Trading hours:

7am-11pm

Years established:
1999

Other Information

Support & training:

Negotiable

Furniture / Fixtures value:
$113,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price

Contact Information

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