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$﹡﹡﹡﹡﹡(Call for Pricing)
Est. payment /mo
49 Beds
9,400 SqFt
UPDATED:
Key Details
Property Type Hospitality
Listing Status Contingent
Purchase Type For Sale
Square Footage 9,400 sqft
Bedrooms 49
Year Built 2024
Lot Size 1.060 Acres
Property Description
Super 8 by Wyndham presents an exceptional investment opportunity in Potosi, Missouri. As a well-established and reputable hotel brand, it provides a unique venture with 49 rooms that offer significant potential to maximize Average Daily Rate (ADR) and thus, profitability. The hotel boasts an ideal location at the intersection of three major state highways (185, 8, and 21), ensuring high visibility with a daily traffic volume of 10,000-15,000 vehicles. As the only hotel in town, it enjoys a unique monopolistic advantage in the market.
Furthermore, the property is unencumbered by management and debt, providing a significant discount to replacement cost. Its location amidst a variety of local businesses enhances appeal and convenience for guests. This property is within an "OPPORTUNITY ZONE," which could provide substantial tax benefits to new owners. It is also situated only an hour's drive away from the economically and demographically expanding city of St. Louis, Missouri, with a growing population of 293,000. This location has high potential to drive Revenue per Available Room (RevPAR).
The investment is an excellent opportunity for both owner operators and new buyers, promising a substantial return on investment. Potosi, a charming town in Washington County, boasts a resilient and diverse economy. With an unemployment rate standing at 6.0%, on par with the US average, it demonstrates a robust labor market. Despite a slight decrease in the job market by -0.1% over the last year, the predicted future job growth over the next decade is 18.3%, signaling a promising economic trajectory.
Potosi also offers competitive tax rates, with a sales tax rate of 7.2% and an income tax rate of 5.9%, comparable to the national averages. These rates impact the cost of living and doing business positively, making Potosi an attractive place for investment. The town's economy is diverse, driven by sectors such as retail trade, educational services, and health care and social assistance. This diversity offers a stable economic base and a range of opportunities for businesses in different sectors.
Investing in Potosi means joining a community poised for growth and development. With its resilient economy, diverse job market, and competitive tax rates, Potosi, Missouri, presents a promising landscape for investors and business owners. Whether starting a new business or expanding an existing one, Potosi offers a welcoming and supportive environment for your venture.
Furthermore, the property is unencumbered by management and debt, providing a significant discount to replacement cost. Its location amidst a variety of local businesses enhances appeal and convenience for guests. This property is within an "OPPORTUNITY ZONE," which could provide substantial tax benefits to new owners. It is also situated only an hour's drive away from the economically and demographically expanding city of St. Louis, Missouri, with a growing population of 293,000. This location has high potential to drive Revenue per Available Room (RevPAR).
The investment is an excellent opportunity for both owner operators and new buyers, promising a substantial return on investment. Potosi, a charming town in Washington County, boasts a resilient and diverse economy. With an unemployment rate standing at 6.0%, on par with the US average, it demonstrates a robust labor market. Despite a slight decrease in the job market by -0.1% over the last year, the predicted future job growth over the next decade is 18.3%, signaling a promising economic trajectory.
Potosi also offers competitive tax rates, with a sales tax rate of 7.2% and an income tax rate of 5.9%, comparable to the national averages. These rates impact the cost of living and doing business positively, making Potosi an attractive place for investment. The town's economy is diverse, driven by sectors such as retail trade, educational services, and health care and social assistance. This diversity offers a stable economic base and a range of opportunities for businesses in different sectors.
Investing in Potosi means joining a community poised for growth and development. With its resilient economy, diverse job market, and competitive tax rates, Potosi, Missouri, presents a promising landscape for investors and business owners. Whether starting a new business or expanding an existing one, Potosi offers a welcoming and supportive environment for your venture.
Location
State MO
County Washington
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Listed by Dharam Chaudhari • Reco Real Estate Advisors | KW Realty Partners