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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.

    Cameron Engstrom

    Realtor
    Cell: (812) 830-0019

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Frequently asked questions

Why does the mortgagee sometimes require a Survey of the property?
Most mortgage lenders require a current and valid Real Property Report (survey) and proof of zoning by-law compliance from the local municipality, i.e. city, town, Municipal district, etc. The mortgagee (lender) does this to insure initially that the buildings are entirely within the property boundaries and there is no risk that the security for the mortgage will be damaged by the forced removal of the improvements. Most Lenders will now accept a Real Property Report and evidence of municipal compliance or a policy of Title Insurance.

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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: October 31, 2024, 10:00 pm
IDX information provided by the Indiana Regional MLS