LOCATION: Southeastern
Nebraska, on U.S. Highway 81 in the heart of America's agricultural
country. Geneva, the seat of Fillmore County, has great schools and is
a terrific place to bring up a family or to retire to from hectic
big-city life. The property is situated on the town’s north/south
main street, with most services within walking distance. Geneva is
located approximately 90 miles southwest of Lincoln 90 miles southwest
of Lincoln, 20 miles south of York on Interstate-80 and 36 miles north
of the Kansas state-line; city population is approximately 2,300 and
county population approximately 7,500. The entire region consists of
very fertile agricultural land and offers world-class hunting and a
great lifestyle.
IMPROVEMENTS: 26
great guestrooms in a U-shaped one-story brick/frame building, were
constructed in three stages - ’55, ’60 and 70, and are in
very good condition with individual HVAC units. Nice laundry facility
with commercial equipment; an approximately 400 square foot basement is
utilized for storage. Wonderful owners quarters consist of two-bedrooms
(possibly three), one bath (possibly two), an attractive kitchen/dining
room, living room, and a nice front office with reception area.
Additionally, a garage, workshop, and a fruit, vegetable and flower
garden are part of the property. Approximately one-quarter of a
city-block of land features also a large yard. City water & sewer,
as well as natural gas are in use. Current ownership is in place since
1972. This great motel wont be long on the market.
FINANCIAL:
2004 room revenue approx. $121,727; average occupancy approx. 60%;
Property Taxes $5,600; ann. insurance $5,800; average monthly utilities
$1,450.
TERMS: SBA or Conventional
Information
herein has been obtained from what are believed
to be reliable sources, however, Anton Hospitality Brokers, Inc.,
cannot guarantee its accuracy. References and information contained
herein are approximate only and are subject to changes and errors.
Assumptions are based on professional management and marketing of the
property and future operating results will vary depending on ownership.
Buyers must conduct their own investigation and due diligence and
consultation with a professional financial advisor is highly
recommended. Price is subject to change without notice.
