The Lake House Inn | 245 S Main St
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The Lake House Inn 245 S Main St
26 Room Hotel Laurie, MO 65038 £1,194,532 (£45,944/Room) 10.16% Net Initial Yield
Investment Highlights
- 26 Keys with Manager’s Quarters and Private Office
- Interior and Exterior Improvements Throughout the Property
- Easy Access to the Lake, Osage Beach, and Major Attractions Including Ozark International Raceway and “The LOOP”
- High Traffic Location with Visibility from Highway
- Ample Parking for All Motel Guests
Executive Summary
Cates Real Estate is pleased to present for sale, The Lake House Inn located at 245 S Main St, Laurie, MO 65038. This exceptionally located motel, nestled in the heart of Laurie, Missouri, offers a unique opportunity with limited competition in the immediate area. Perfect for an owner-operator or as an addition to a hospitality portfolio, The Lake House Inn provides convenient access to lake activities and Osage Beach making it an attractive destination for travelers.
The property features 26 keys, a manager’s quarters, and a private office, ensuring comfort and functionality for both guests and operators. Guests can easily access major attractions such as the Ozark International Raceway and "The LOOP," enhancing their stay experience.
The Lake House Inn is a profitable business ready for a new owner to elevate it through an interior renovation program. With recent improvements to both the interior and exterior, the property is well-positioned for continued success. New high-profile developments in the area promise to further enhance its appeal.
Situated on a generous 4.69-acre lot, the property offers ample room for expansion and provides abundant parking for all motel guests. The diverse unit mix is designed to accommodate both lone travelers and families, ensuring a wide range of satisfied guests.
Contact the listing agent to schedule a private showing.
The property features 26 keys, a manager’s quarters, and a private office, ensuring comfort and functionality for both guests and operators. Guests can easily access major attractions such as the Ozark International Raceway and "The LOOP," enhancing their stay experience.
The Lake House Inn is a profitable business ready for a new owner to elevate it through an interior renovation program. With recent improvements to both the interior and exterior, the property is well-positioned for continued success. New high-profile developments in the area promise to further enhance its appeal.
Situated on a generous 4.69-acre lot, the property offers ample room for expansion and provides abundant parking for all motel guests. The diverse unit mix is designed to accommodate both lone travelers and families, ensuring a wide range of satisfied guests.
Contact the listing agent to schedule a private showing.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,194,532 | Lot Size | 4.00 AC |
| Price Per Room | £45,944 | Building Size | 11,366 SF |
| Sale Type | Investment | No. Rooms | 26 |
| Net Initial Yield | 10.16% | Number of Floors | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1982/2022 |
| Property Subtype | Hotel | Parking Ratio | 2.64/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | £1,194,532 |
| Price Per Room | £45,944 |
| Sale Type | Investment |
| Net Initial Yield | 10.16% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.00 AC |
| Building Size | 11,366 SF |
| No. Rooms | 26 |
| Number of Floors | 1 |
| Year Built/Renovated | 1982/2022 |
| Parking Ratio | 2.64/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 26 | £60.31 | - |
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PROPERTY TAXES
| Parcel Number | 209029000000047000 | Total Assessment | £121,521 |
| Land Assessment | £26,977 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £94,544 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
209029000000047000
Land Assessment
£26,977
Improvements Assessment
£94,544
Total Assessment
£121,521
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023
zoning
| Zoning Code | C |
| C |
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The Lake House Inn | 245 S Main St
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