Motel 6

1334 N Washington St, Dale, IN

$1,949,000

Price

24,141 sqft

Building Size

1.3 acres

Lot Area

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Street
Map
Overview
Building Size
24,141 sqft
Lot Area
1.3 acres
Keys
61
Year Built
1998
Floors
3
Description

We are thrilled to present the well-established Motel 6 in Dale, Indiana, listed exclusively with Tabani Realty. The Motel 6 in Dale is an exceptional investment prospect located in the heart of the Midwest. With a prime location just 82 miles from Louisville Muhammad Ali Int'l Airport and 40 miles from Evansville Regional Airport, it attracts leisure and business travelers year-round. The property boasts 61 rooms across three stories and is equipped with interior corridors providing added privacy and security. Built in 1998 and renovated in 2016 this well-established property has seen consistent revenue growth over the past few years.

Conveniently situated just 82 miles away from the bustling Louisville Muhammad Ali International Airport and a mere 40 miles from the easily accessible Evansville Regional Airport, the motel enjoys excellent connectivity to major transportation hubs. Additionally, its strategic location right next to I-64 & US-231 ensures maximum visibility and seamless access for travelers passing through. Such prime positioning makes it a preferred stopover for both leisure and business travelers, promising a consistent flow of guests throughout the year.

Dale, Indiana, is a charming town located in Spencer County, in the southwestern part of the state. While Dale is a relatively small community, it offers a warm and welcoming atmosphere to both residents and visitors. Dale and the surrounding area boast several notable attractions that draw tourists year-round including Holiday World & Splashin' Safari, Lincoln Boyhood National Memorial, Wineries and Vineyards, and a plethora of outdoor activities. Dale's economy is primarily driven by a mix of industries, including agriculture, manufacturing, and tourism-related businesses.

The region's fertile lands support farming activities while manufacturing facilities contribute to local employment opportunities. The tourism sector plays a significant role in the economy, especially with the presence of Holiday World & Splashin' Safari, attracting visitors from neighboring states and beyond. The town's small businesses, restaurants, and shops cater to the needs of residents and tourists alike, creating a close-knit and supportive community.

Highlights
  • Offered at 13% cap rate and 24.7% cash on cash return
  • Located right next to I-64 & US-231
  • Prime location: 82 miles from Louisville Muhammad Ali Int'l Airport, 40 miles from Evansville Regional Airport
  • Attracts leisure and business travelers year-round
  • 61 rooms across three stories with interior corridors
  • Built in 1998, renovated in 2016
  • Consistent revenue growth in recent years
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