Cedar Lodge Motel For Sale, New Listing Commercial

421 W Rodeo Rd Ave, North Platte, NE 69101, USA
$370,000
  • Description
  • Map

Description

The Cedar Lodge is a staple motel located on Rodeo Road in North Platte, NE.  With its great location and property layout, this could be an investors dream.  The office portion has a living area that could be made into more units or it could also be rented.  Currently, most of the units are rented on a monthly basis, but there are some long term renters.  The property has 3 gas furnaces that provide heat with individual thermostats in each room and central air A/C units.  Currently, the property owner pays all utilities except cable TV.

There are 31 units, and 6 studios with kitchenettes.  There are approximately 500 sqft. per unit.  Current rents are: $500 per month per unit/  $550 for an extra person or $600 per month per studio /  $650 for an extra person. There are currently 7 vacancies.

Profit/Loss information is available upon signing a non-disclosure agreement.

Legal Description: O.T. ALL OF 3,4,5&6 & W.63’ OF 2 & 7 11 & VACATED ALLEY, North Platte, Lincoln County NE.

Taxes: $4,815.16

Address: 421 Rodeo Road, North Platte, NE 69101
County: Lincoln

Map

  • Address: 421 Rodeo Road
  • City: North Platte
  • State/county: Nebraska
  • Zip/Postal Code: 69101
  • Neighborhood: Lincoln County
  • Country: United States