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1315 A Ave E
Oskaloosa, IA 52577

$1,950,000 USD

Hotel For Sale  •  11,954 SF

Property Details

  • Property Type Hotel
  • Total Building Size 11,954 SF
  • Lot Size 1.75 AC
  • Building Class C
  • Year Built 1954
  • Zoning CC
0 Transit Score
30 Walk Score

Description

Turnkey, fully remodeled motel offering strong in-place income and minimal owner involvement. This high-performing hospitality asset generates approximately $500,000 in annual revenue with consistently strong occupancy over the past two years, demonstrating stable cash flow and proven demand.

The property has been successfully transitioned to a virtual/remote management model, creating streamlined operations and reducing day-to-day oversight. Recent renovations and upgrades throughout make this a true turnkey investment, allowing a new owner to step in and immediately benefit from established systems and performance.

Offered at an attractive cap rate, this property presents a compelling opportunity for investors seeking a high-yield, income-producing asset. Additional upside exists through rate optimization and continued operational efficiencies. Ideal for both experienced hospitality investors and those seeking a semi-absentee ownership model.

Highlights

Property on major thoroughfare
Servicing clients from all over the year
Perfect for long term travelers

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 38
Type: Surface
Included in Rent: Yes
Kanya Waggoner 641-295-4074 Econolodge
Kanya Waggoner 641-295-4074 Econolodge