Great Business Opportunity
*Currently operating as motel *With the demand and shortage of apartments in Colby, This would be a great Extended *Stay Motel OR a conversion for a much needed apartment complex. *Great location with well traffic corner *Huge lot, perfect for additional expansion or to create common areas for guest *Currently being ran 24/7 with sleeping quarters behind office *Security Cameras *Newer Computer system with updated software for check-in process automated *There is a living area behind office for on-site living *There is a very large living area on the upper level, which has a large open living area, and two bedrooms, plus large bath. This area also has a balcony to the rear. This could easily be an apartment .Living / dining area 12'x33' Kitchen 11'x12'6" BR 11'7"x11'4" BR 11'6"x24' Bathroom 11'6"x13' *There are storage areas for supplies, cleaning items, lawn care and extra furniture pieces that need to be stored. *All but three rooms have been updated with updating plumbing, water heaters, etc. The last three will be completed and rent ready by closing. *Each room has a micro wave and frig *Laundry area on site, one commercial dryer isn't working (all equipment included) (This area if turned into apartments could be a coin operated laundry for tenants) *There is one handi-cap accessible room 12'x21' *There are a few rooms that are pet friendly and a couple that are smoking. *The East side rooms have it's own wifi *Seller has recently put in a new main water line and now there are shut offs to individual units. *East building has electric water heaters and the others are gas *Seller does pest control each month *16'x30' large building that is currently used for storage. This could be converted to a game room for tenants. *All extra furniture, fixtures, appliances at time of closing could be part of purchasing. *There are 10 2 bed rooms *There are 13 1 bed rooms *There is one large room, that has three beds, kitchen, which also could be an apartment right away, or an extended stay room. Size is 13'5"x26' *Seller has newer locks for rooms, but not installed *The average size of a one bed room is 11'x22' *Average size of two bed rooms is 12'x19' *Rent is seasonal per night: Average for 1 bed is $55 plus tax per night 2 beds $65 plus tax per night 3 beds $100 plus tax per night *Many companies have contracted long term stays at this motel. Information on that will be obtained from seller. *More detailed financials can be available for qualified buyers. Please note seller has put most profit back into building, and has lived on site during his ownership. *Good parking *Large lots will allow additional expansion or development of common areas for guest.
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