3333 E 8 Mile Rd
- 64-Unit two-story motel totaling 18,780 SF
- Motel built in 1959
- Includes 3 on-site residential homes, offering supplementary
- rental income or ideal owner/operator accommodation
- Diversified income from short-term motel operations and
- long-term residential tenancies
- On-site parking for guests and residents
Property Description
This offering presents a compelling opportunity to acquire a 64-unit, two-storey motel totaling 18,780 square feet, situated on a 0.64-acre site. The property is complemented by three on-site residential homes, providing additional income potential or ideal accommodation for an owner-operator and staff. The asset offers diversified revenue streams through both short-term motel operations and long-term residential tenancies, making it well-suited for investors seeking stable cash flow with upside. With its efficient layout and scale, the property presents significant value-add potential through renovations, operational improvements, or repositioning, while maintaining strong fundamentals as a hospitality investment.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $2,950,000 |
| No. of Units: | 64 |
| Year Built: | 1959 |
| Lot Size: | 0.64 Acres |
| Opportunity Zone: | No |
| Price per unit: | $46,094 |
| Property Website | Click Here |
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