Active
2550 Lone Oak Road
Paducah KY, 42003
$2,200,000
$152.49 per sqft
Active
14,427 sqft
Commercial
Income producing property in Lone Oak! Beautiful, well-kept established 33 room hotel one mile from I-24. Motel includes a 3 bedroom, 2 bath manager's apartment, 19 large kitchenettes, 11 studio suites, and 3 smaller rooms. 12 rooms have been remodeled (new floors and AC), new paint and a new stairwell in the back building. A new lock system has been installed also. Occupancy rate from Feb. - Nov. averages 75 - 80% and Dec. - Jan. averages 50% occupancy. Currently No 3rd party bookings or advertising. Potential to increase revenue. Great investment opportunity! Current owner wants to retire.
130298
MLSⓇ ID
January 27, 2025
Listed
February 21, 2025
Updated
Interior Features
Total Stories
2
Floor Description
Vinyl/Linoleum
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Features
County
Roof
Dimensional Shingle
Sewer
Public/Municipality
Other Property Details
Area Name
McCracken
Days on Market
17
Garage
No
View
No
County
McCracken
Water Source
Public/Municipality
Utilities
DSL/High Speed Internet, Garbage - Private, Street Lights