Island Inn

2311 South Locust Street, Grand Island, NE

$1,600,000

Price

17,088 sqft

Building Size

0.85 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
17,088 sqft
Lot Area
0.85 acres
Keys
44
Description

NewGen Advisory and The Bowman Post Group is proud to present the Island Inn in Grand Island, Nebraska. This property is a two story interior corridor that features 44 guest rooms. This property presents an owner operator with a great opportunity to come into this underperforming, absentee owned asset, and increase profitability by hand on management, proper marketing, potential rebranding, combined with rate and expense management. The property is currently staffed with very little ownership presence. With a more involved investor or owner operator there is much upside potential.

BOR: NewGen Advisory CA INC | Andrew Post | CA LIC. NO. 01960611

The Island Inn is located in Grand Island, nestled alongside the scenic Platte River, serves as the region's hub and is the state's fourth-largest city. The Island Inn in Grand Island, Nebraska, offers a convenient base for guests to explore the vibrant cultural scene and attractions of Grand Island, including its festivals, the Bluegrass Music Hall of Fame and Museum, and excellent sports facilities.

Highlights
  • 44 units, Interior, Two Stories
  • T12 Revenue: $397,273
  • 2022 Revenue: $345,710
  • 2021 Revenue: $307,999
  • Priced at $36,364 Per Key Pricing
  • Located 5 minutes from Island Oasis Water Park and Tuhr Museum
  • Sizeable Managers Quarter on-site
Documents
Location
Gallery