820 S Washington St #Budget Host Inn Active

Junction City,KS 66441-3804

$ 0

32 Beds

0 Bath

13000 SqFt


Key Details

Property Type Hospitality

Listing Status Active

Purchase Type For Sale

Square Footage 13,000 sqft

Bedrooms 32

Year Built 1949

Lot Size 1.840 Acres

Property Description

Business Investment Summary

° The Budget Host Hotel in Junction City, KS, offers a unique investment opportunity for both first-time buyers and seasoned investors.

° Easy Operation: Great Opportunity for first time buyer and owner operator. 80% sold out for past 3 years with extended stay guest maintaining strong steady income.

° Prime Location: This hotel is strategically located off I-70 Highway, ensuring high visibility and ease of access for travelers.

° Steady Income Stream: The hotel currently profits significantly from its extended stay guest segment, providing a reliable and steady income source.

° Room Configuration: The hotel features 32 recently updated rooms, with some rooms now equipped with kitchenettes.

° Local Economic Drivers: Junction City is home to several major employers, including Geary Community Hospital, Junction City School District, and the nearby Fort Riley Military Base. These institutions ensure a steady demand for accommodation from military personnel, hospital staff, and visiting families.

° Population and Demographics: Junction City has a population of approximately 22,738 residents. The city boasts a diverse demographic and a strong community that supports local businesses

° Events and Attractions: The city hosts annual events such as the Sundown Salute, Kansas' largest free Independence Day celebration, which draws numerous visitors. Additionally, nearby attractions like Milford Lake, the largest lake in Kansas, offer recreational opportunities that attract tourists year-round

° Conversion Potential: For multi-family investors, there is significant potential to convert the hotel into long-term housing or apartments. The existing kitchenette-equipped rooms provide a head start on this conversion process, making it a viable and profitable venture.

Location

State KS

County Geary

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