This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Otter Creek Inn Bed & Breakfast 2536 Hansen Ln

6 Room Hotel Altoona, WI 54720 £625,178 (£104,196/Room)

Investment Highlights

  • Motivated Seller!
  • 6 Guest rooms each with fireplace & jacuzzi
  • Turnkey business with training
  • Established cash flowing B&B

Executive Summary

Huge recent price reduction! Motivated Seller moving out of state.

Property Facts

Price £625,178
Price Per Room £104,196
Sale Type Investment
Sale Conditions Business Value Included
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 1.02 AC
Building Size 6,848 SF
No. Rooms 6
Number of Floors 3
Year Built/Renovated 1920/1987
Tenancy Single
Parking Ratio 1.75/1,000 SF
Cross Streets Highway 12

Amenities

  • Bed & Breakfast

About 2536 Hansen Ln , Altoona, WI 54720

Just reduced by 100K! Motivated Seller is moving out of state. The Otter Creek Inn is a classic EnglishTudor-style B&B that has been in business for over 35 years. The Inn features 6 guest rooms, each with aprivate bath, gas fireplace, and jacuzzitub. The rooms are tastefully decoratedand offer every modern amenity. In addition to the suites, the private owner’s/staff quarters include 2 bedrooms, 1bath, kitchen, and living space. The 1.02 acre lot has landscaped grounds, courtyard with gazebo, and majestic towering trees. Updated in 2018 and 2020, with a new roof, insulation, beds, mattresses, appliances, and hot water heater. Property features a heated 12+ car garage, 2 car maintenance garage, and guest parking. The B&B has an occupancy rate of 72.6% with over $244,000 in annual revenues and just over $100,000 in net operating income. The property is being sold turnkey, with training. Effective marketing plan and staff already in place. New responsive website that features a state-of-the-art booking engine and retail shop. Extremely high guestratings on multiple travel agency websites.

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 6 £123.63 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
18201-2-270927-140-0004
Land Assessment
£65,491
Improvements Assessment
£359,066
Total Assessment
£424,557

zoning

Zoning Code R (Zoned Residential and has operated as a buiness using permits from the City of Altoona, WI)
R (Zoned Residential and has operated as a buiness using permits from the City of Altoona, WI)
  • Listing ID: 30829680

  • Date on Market: 31/01/2024

  • Last Updated:

  • Address: 2536 Hansen Ln, Altoona, WI 54720

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}