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Non Flagged Economy Hotel Rapid City
$3,500,000
620 Latrobe Avenue, Rapid City, SD 57701
For Sale
Hotel
Economy Limited
Active
Last Updated: 01/26/2024
37,088 sqft
Building Size
2.64 acres
Lot Area
Details:
Building Size: 37,088 sqft
Lot Area: 2.64 acres
Units: 149
Year Built: 1979
Floors: 2
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
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.
Location
