Non Flagged Economy Hotel Rapid City

620 Latrobe Avenue, Rapid City, SD

$3,500,000

Price

37,088 sqft

Building Size

2.64 acres

Lot Area

Overview
Building Size
37,088 sqft
Lot Area
2.64 acres
Keys
149
Year Built
1979
Floors
2
Description

The Bowman Post Group of NewGen Advisory is pleased to present for sale the Motel 6 in Rapid City, South Dakota. This property sits on over 2.6 acres and has easy access and visibility from Interstate 90. This is a great opportunity to acquire a high performing Motel 6.

Broker of Record: Patrick Green | HCBRE, LLC | License No.: 10056

Rapid City is located on the western side of South Dakota near the Black Hills National Forest, known as the gateway to Mt. Rushmore. Visitors enjoy exploring the outdoors and attending popular events like the Stratobowl Historic Hot Air Balloon Launch, the Great Pumpkin Festival, and more.

Highlights
  • 2 story
  • 149 Units
  • $1,501,806 2022 Revenue
  • $1,144,181 2023 Revenue
  • Priced to Sell at 3.06x 2023 Revenue
  • Priced at $26,848/key
Location