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4658 E US Highway 50 Highway

Washington, IN, 47501

  • Price $515,000
  • Sq. Ft.7268
  • MLS #202433620
Seize this rare opportunity to own an income producing well-preserved 1950-built motel. Situated on a bustling state highway just minutes from a major interstate, this property offers 15 fully furnished rooms for rent. Currently operated as a mid-term rental and nightly stays, this property offers value-add potential and opportunity for business growth. Key Features: Prime Location: High traffic area with excellent visibility, attracting both interstate travelers and local visitors. Ample Parking: Spacious parking area accommodating cars, RVs, and trucks. Expansion Potential: Ample land for additional rooms, dining facilities, or recreational amenities. Turnkey Business: Well-maintained property with steady occupancy rates and a strong reputation among travelers. Perfect for an investor looking to capitalize on the opportunity to see a cash flow from day one and redevelop a prime commercial location.
County
Daviess County
Lot Size
2.4000
Year Built
1950
Sq, ft. finished
7,268sq. ft (approx.)
Subdivision
None
Annual Taxes
1918.04
IDX information provided by the Indiana Regional MLS
Listing provided courtesy of Martin Graber of Home & Harvest Properties LLC, 812-787-0276.

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Testimonial

Rental Review: Good People. Decent houses. My family and I rented a house with them for 2 years; never experienced a problem with them. If the toilet wasn't working or part of the house needed repair, someone was always available to fix it pretty quick.
A.B.

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What is Earnest Money?
Earnest money is given by the buyer to the seller when a real estate purchase contract is accepted. The money is a good faith offering to the seller that you will perform on the agreed upon contract.

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Disclaimer

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS

Listing Data updated: September 19, 2024, 6:30 pm
IDX information provided by the Indiana Regional MLS