Gas Light Motel | 1420 W Spresser St
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Gas Light Motel 1420 W Spresser St
21 Room Hotel Taylorville, IL 62568 £156,490 (£7,452/Room)
Investment Highlights
- Situated in the heart of Taylorville IL, this property is a 21 unit exterior corridor property, sitting on ±1.59 AC
- Spacious management suite apartment attached to the property with 2 bedrooms 1 bathroom.
- Strong brick building with concrete slab foundation
- Value add investment opportunity with large 14’x16’ rooms and room for rental revenue growth
- Brand new roof replaced in 2019
- Property eligible for certain franchise flags
Executive Summary
Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Matthew M. Fitzgerald
License No. 478027547 (IL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
| Price | £156,490 | Building Size | 8,531 SF |
| Price Per Room | £7,452 | No. Rooms | 21 |
| Sale Type | Investment | Number of Floors | 1 |
| Property Type | Hospitality | Year Built | 1980 |
| Property Subtype | Hotel | Parking Ratio | 3.52/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.59 AC |
| Price | £156,490 |
| Price Per Room | £7,452 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.59 AC |
| Building Size | 8,531 SF |
| No. Rooms | 21 |
| Number of Floors | 1 |
| Year Built | 1980 |
| Parking Ratio | 3.52/1,000 SF |
| Corridor | Exterior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 21 | £43.03 | - |
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PROPERTY TAXES
| Parcel Number | 17-13-28-201-008-00 | Improvements Assessment | £23,487 |
| Land Assessment | £14,093 | Total Assessment | £37,580 |
PROPERTY TAXES
Parcel Number
17-13-28-201-008-00
Land Assessment
£14,093
Improvements Assessment
£23,487
Total Assessment
£37,580
zoning
| Zoning Code | C-2 (Commercial) |
| C-2 (Commercial) |
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Gas Light Motel | 1420 W Spresser St
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