1350 S Main Street,London, KY 40741
London, KY 40741
Description
Don't miss this exceptional investment opportunity! This 16-room hotel sits on approximately 1 acre of commercially zoned property with outstanding frontage on a major roadway within city limits, offering excellent visibility and long-term growth potential. located just 2.3 miles from I-75 interstate. The property is currently leased under a 5-year Triple Net (NNN) lease, providing a stable income stream while minimizing owner responsibilities. With the current lease in place, the rental income is designed to cover the property's carrying costs, making this an attractive opportunity for investors seeking immediate cash flow. Beyond its current income, this property offers tremendous long-term potential. Its prime location, generous lot size, and increasing demand for well-positioned commercial real estate make it a valuable addition to any investment portfolio. Continue operating under the existing lease, or explore future redevelopment and business opportunities as the area continues to grow. Whether you're a seasoned investor or looking to diversify your portfolio, this property combines reliable income today with strong appreciation potential for tomorrow. Invest in a property that offers income today and exciting possibilities for the future. Prior to the 5 year current lease, the property was cash flowing itself as monthly room rentals. As inflation keeps increasing, the demand for economy style monthly rentals increase as well.
Details
| MLS # | 26015816 |
|---|---|
| Listing Type | For Sale |
| Style | Hotel/motel |
| Sub-Type | Resale |
| Status | Active |
| Year | 1971 |
| Days On Site | 53 |
| Listing Provided By | Keller Williams Legacy Group | Eric Sizemore |
Features
| SQ Feet | 5,937 |
|---|---|
| Zoning | R-1 |
| Acreage | 1.00 |
Interior
| Cooling | Wall Unit(s) |
|---|---|
| Heating | Ductless |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Utilities
| Utilities | Electricity Available, Natural Gas Not Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Area Information
| State | KY |
|---|---|
| County | Laurel |
| City | London |
| Zip Code | 40741 |
| Area | 044 Laurel County |
| Subarea | Laurel County |
| Community Name | City Limits |
| Listing VS Median (in City Limits) | |
Price: $725,000 low | high Med: $214,999 sqft: 5,937 low | high Med: 3,948 $ / sqft: $122 low | high Med: $54 On site: 53 low | high Med: 101 | |
Market Activity 40741
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Learn More About This Property
| State | KY |
|---|---|
| County | Laurel |
| City | London |
| Zip Code | 40741 |
| Area | 044 Laurel County |
| Subarea | Laurel County |
| Community Name | City Limits |
| Listing VS Median (in City Limits) | |
Price: $725,000 low | high Med: $214,999 sqft: 5,937 low | high Med: 3,948 $ / sqft: $122 low | high Med: $54 On site: 53 low | high Med: 101 | |
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