Great opportunity for a new hotel-motel investor with good cash flow. This 47 room is outdoor corridor with excellent two living quarters, one with one bedroom and another one with two bedroom. Both living quarter and equipped with modern kitchens and living room. It is very well maintained property, located on the busy US Hwy 59 in Shenandoah, IA. Asking price $800,000, 2.7 times room revenue. Consistent room revenue for last three years and potential to boost even more
Off market
Street View
$777,700
1503 W Sheridan Ave, Shenandoah, IA 51601
0beds
0baths
12,687sqft
SingleFamily
Built in 1953
1.44 Acres lot
$777,700 Zestimate®
$61/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Interior area
- Total interior livable area: 12,687 sqft
Property
Features
- Exterior features: Other, Brick, Cement / Concrete
Lot
- Size: 1.44 Acres
Details
- Parcel number: 040040027000000
Construction
Type & style
- Home type: SingleFamily
Materials
- Other
- Roof: Asphalt
Condition
- Year built: 1953
Community & neighborhood
Location
- Region: Shenandoah
Services availability

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