2311 South Locust Street

Property feature image
Address: 2311 South Locust Street, Grand Island, Nebraska, US
Created date: February 9, 2024
Date last updated: April 9, 2024
  • 44 units, Interior, Two Stories
  • T12 Revenue: $397,273
  • 2022 Revenue: $345,710
  • 2021 Revenue: $307,999
  • Priced at $36,364 Per Key Pricing
  • Located 5 minutes from Island Oasis Water Park and Tuhr Museum
  • Sizeable Managers Quarter on-site

Property Description

NewGen Advisory and The Bowman Post Group is proud to present the Island Inn in Grand Island, Nebraska. This property is a two story interior corridor that features 44 guest rooms. This property presents an owner operator with a great opportunity to come into this underperforming, absentee owned asset, and increase profitability by hand on management, proper marketing, potential rebranding, combined with rate and expense management. The property is currently staffed with very little ownership presence. With a more involved investor or owner operator there is much upside potential. BOR: NewGen Advisory CA INC | Andrew Post | CA LIC. NO. 01960611

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Hotel/Motel
Price: $1,600,000
No. of Units: 44
Lot Size: 0.85 Sq ft
Opportunity Zone: No
Price per unit: $36,364
Property Website Click Here
Address: 2311 South Locust Street, Grand Island, NE 68801, USA
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