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1630 Richmond St
Mount Vernon, KY 40456

Price Upon Request

Hotel For Sale  •  31,600 SF

Property Details

  • Property Type Hotel
  • Total Building Size 31,600 SF
  • Lot Size 2.42 AC
  • Building Class C
  • Year Built 1992
  • Zoning C
20 Walk Score

Description

This hospitality investment opportunity features a two-story, exterior-corridor property with 99 fully updated guest rooms. The asset has been enhanced to support efficient operations and guest comfort, with amenities including complimentary Wi-Fi, a fitness center, a modernized lobby, and a dedicated continental breakfast area.

The property is supported by an expansive parking area designed to accommodate a variety of vehicle types, including tour buses, commercial trucks, and oversized trailers, providing added convenience for transient travelers and group accommodations.

Located within Mount Vernon’s primary commercial corridor, the property benefits from strong visibility and access to a concentration of restaurants, fuel stations, and retail establishments. Its position within a well-established business and travel corridor supports consistent demand from both leisure and business travelers while offering convenient access to nearby services and amenities.

This is a land-banking opportunity wrapped in a cash-flowing business. The immediate area is undergoing a multimillion-dollar I-75 Exit 62 / US-25 interchange modernization and KY Highway 461 expansion. This infrastructure boom will drastically increase heavy freight access and long-term traveler volume. As the primary gateway to the massive RGL Megasite, land values and commercial demand surrounding Exit 62 are projected to skyrocket, positioning this property for exceptional long-term capital appreciation.

Highlights

Turnkey 2025 Renovation: Modernized guest rooms, lobby, and amenities mean minimized immediate PIP requirements and maximum guest satisfaction.
Immediate Cash Flow: 99-unit asset with robust, year-round transient, regional contractor, and corporate revenue.
Dominant Interstate Visibility: Located directly off Exit 62 on I-75, capturing a fraction of the 50,000+ daily vehicles.
Massive Industrial Catalyst: Located under 4 miles from the upcoming 1,400-acre RGL Rockcastle Megasite, guaranteeing massive long-term housing demand
Built-In Tourism Demand: Just 1.2 miles from the legendary Renfro Valley Entertainment Center and Kentucky Music Hall of Fame.
Strategic Gateway: One of only 16 exits on a critical 140-mile stretch, serving as the primary pipeline to Lake Cumberland.

Amenities

  • Fitness Center
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 110
Type: Surface
Included in Rent: Yes
Nate Patel 859-396-7975 Aum Shanti Corp
Nate Patel 859-396-7975 Aum Shanti Corp