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517 Aubel Rd
For Sale $724,900
$724,900
- 3 Units
- Unknown Sq Ft
- 146,797 Sq Ft
- Unknown Cap Rate
Description
A unique opportunity to own a completely RENOVATED 8-unit motel and bring a once thriving restaurant back to life, The possibilities are endless with this 3.37 acre sprawling property and half of the work has been done for you! The motel was previously 12 units and in rather rough shape. The new owner gutted everything, had it totally renovated and there are now 8 units fabulous units that are being sold fully furnished and turnkey ready. It is operated as a week-to-week rental. Guests pay $300 a week but one could easily increase to $350- $400 a week. The motel has only been up and running for only a few months and without any advertisement half the units are booked. The first month the owner grossed $4,800.00 only booking HALF the available units! There is also small-detached building that would be ideal for motel manager's/property manager's office. Personally, I think it would be awesome if one side was an office and then sectioned off and the other side used as a small laundromat for guests.
This property is ideal for someone who has a creative vision, wants to make money, and has a vision for the restaurant. The restaurant has been vacant for quite some time and needs work. From what I hear, the Amber Light Inn used to be a local hot spot and quite a successful restaurant. The restaurant has tremendous potential and showcases a huge woodburning fireplace and large wrap around bar. The restaurant equipment present is included and sold as-is. Here's the cherry on top---- there is a HUGE 2–3-bedroom apartment above the restaurant. Cha ching--- another source of income once renovated.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $724,900 |
| Property Type | Other |
| Usable Sqft | 0 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1965 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 43000010001B000000 |
| MLS # | PAYK2068530 |
| Property ID | 320841772 |
| Lot Sqft | 146,797 |
| Zoning | HOTEL/MOTEL LOW RISE |
| Total Units | 3 |
| Days on Market | 38 |
| Original List Price | Unknown |
| Date Updated | October 02, 2024 |
| Date Created | September 10, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Ashley Motter an agent of . Lic #RS300224
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Data last updated: October 18, 2024.
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