820 Washington St, Junction City, KS 66441
32 Room Hotel | Junction City, KS 66441 | $1,100,000 ($34,375/Room)
For Sale
Active
Asking Price $1,100,000
- Property Type
-
Hospitality
- Square Feet
- 13,000 SF
Listing Contacts
- Property Info
Property Overview
BUSINESS INVESTMENT OPPORTUNITY
The Budget Host Hotel in Junction City, KS, offers a unique investment opportunity for both first-time buyers and seasoned investors.
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 and Furniture.
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.
MULTIFAMILY CONVERSION OPPORTUNITY
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.
Strong Market Demand: There is an increasing demand for affordable long-term housing in Junction City. The hotel's strategic location near Fort Riley Military Base ensures a steady stream of potential tenants, making it an attractive option for conversion to multi-family housing.
Community and Economic Stability: Junction City benefits from a stable economy supported by key employers and ongoing community development projects. The population growth and economic initiatives in the region support the long-term viability of investments in the area.
Amenities and Infrastructure: The hotel's proximity to essential amenities, including schools, hospitals, and retail centers, enhances tenant satisfaction and retention. Easy access to I-70 Highway ensures connectivity and convenience for residents, adding to the property's overall appeal.
Event-Driven Traffic: Annual events and local attractions generate consistent visitor traffic, providing additional income opportunities through short-term rentals or event-related stays. This dynamic ensures a steady flow of guests, contributing to the hotel's profitability.
The Budget Host Hotel in Junction City, KS, offers a unique investment opportunity for both first-time buyers and seasoned investors.
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 and Furniture.
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.
MULTIFAMILY CONVERSION OPPORTUNITY
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.
Strong Market Demand: There is an increasing demand for affordable long-term housing in Junction City. The hotel's strategic location near Fort Riley Military Base ensures a steady stream of potential tenants, making it an attractive option for conversion to multi-family housing.
Community and Economic Stability: Junction City benefits from a stable economy supported by key employers and ongoing community development projects. The population growth and economic initiatives in the region support the long-term viability of investments in the area.
Amenities and Infrastructure: The hotel's proximity to essential amenities, including schools, hospitals, and retail centers, enhances tenant satisfaction and retention. Easy access to I-70 Highway ensures connectivity and convenience for residents, adding to the property's overall appeal.
Event-Driven Traffic: Annual events and local attractions generate consistent visitor traffic, providing additional income opportunities through short-term rentals or event-related stays. This dynamic ensures a steady flow of guests, contributing to the hotel's profitability.
Property Details
- Class
- C
- Year Built/Renovated
- 1949/2024
- Stories
- 2
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 80,150 SF
- Units
- 32
Highlights
- Located close to I-70 Hwy
- Newly renovated Kitchenettes and added Furnitures
- Easy Operation for first time buyer
- 80% sold out for past 3 years through extended stay guest
- strong steady Revenue
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