16-room motel, 2BR/1B house, RV spots,& garage in MO Start Price USD 75,000.00 Current Price USD 75,000.00 Time Left - Bid Count 1 Buy It Now Price - Reserve Price - Start Time Sunday, June 29, 2008 End Time Tuesday, July 29, 2008 Location Bethany, Missouri See more about '16-room motel, 2BR/1B house, RV spots,& garage in MO' Description 16-room motel with a freestanding 2 bedroom, 1 bath house (approx. 1500 sq. ft.) and an approximate 1000 sq. ft. 2-bay oversized metal walled and roofed garage/storage building.  There are also 6-8 RV spots with water, electricity, and sewer hookups.  The business at present is a combination of nightly, weekly, and monthly rentals.  Some rooms have been remodeled and upgraded.  The owner would consider staying on after the sale to complete the remodeling under certain terms and conditions.    An effective marketing plan is needed to return the revenues to former levels (estimated at $60,000 - $100,000/yr).  Trailing 12 months' room revenue from the motel is $35,000 - $40,000.  (Please note:  Averaging only 5 rooms per night at $35 per room will generate over $63,000 per year!) This motel is located in Bethany, Missouri, a community of 3000 persons on I-35 about 80 miles north of Kansas City, MO.  The property is bordered by a US highway on one side and a semi-private 9 hole golf course on another.  The house can be used as living quarters for the owner/operator or as rental property.  There is a small area in the motel that is currently being used as living quarters for the owner/operator.  The metal storage building could also be rented as auto or boat storage or developed into another income producing source.   This is an excellent opportunity for someone willing to invest some time, money and sweat equity to renovate the motel, house, and RV spots to maximize the full potential of this property.   However, be sure to understand there is work to be done at this property.  This motel is being sold "AS IS, WHERE IS".  It is the responsibility of the buyer and/or his or her representatives to inspect the buildings to his or her satisfaction.  There are no warranties or guarantees implied or otherwise.  Buyer will be responsible for all closing costs.  *NOTE: On July 16th the utilities were turned off.  Thus, the motel is closed until further notice. Potential bidders and/or their representatives are strongly encouraged to inspect the property prior to bidding.  The winning bidder will be required to deposit $10,000 NON-REFUNDABLE CERTIFIED FUNDS within 48 hours after the bidding ends.  The closing is to take place within 30 days of the end of bidding.  (The closing could be extended at the request of a lender.)  NOTE:  **Seller will consider a lease to own arrangement with $30,000 down.** *NOTE* All interior walls of this motel are non-weight bearing.  Thus, they could all be removed relatively easily leaving an open space of approximately 8300 sq. ft. to be reconfigured in any number of ways for alternative uses.  This space could be turned into a large tavern/bar with dance floor and/or billiard tables and arcade games, a flea or antique market, mini-storage units with room to build more units.  Use your imagination! This property is offered for sale by Bruce Skoog, Heartland Hotel Brokers, LLC.  Please contact the broker with any questions or to arrange a tour of the property at bskoog@heartlandhotelbrokers.com or 417 353-3225.  Seller reserves the right to cancel this auction early if the property is sold or leased through other avenues. Place a Bid!