Raine Motel | 618 W Highway 20
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Raine Motel 618 W Highway 20
34 Room Hotel Valentine, NE 69201 £1,174,950 (£34,557/Room)
Investment Highlights
- 34 Units, Exterior Corridors
- Priced to sell at 2.89X RRM
- Ideal for an Owner Operator
- 2023 Revenue: $518,457
- Conversion Opportunities Available
Executive Summary
The Bowman Post Group of NewGen Advisory is pleased to present for sale the Raine Motel located in Valentine, Nebraska. The Raine Motel offers a unique opportunity for conversion to other uses with 34 units and exterior corridors. The property is being priced to sell at a competitive $44,118 per key. Strategically positioned on Highway 70 and Highway 135, located in the heart of Valentine, this property provides prime location for travelers. Valentine boasts a thriving economy, an affordable cost of living, and a welcoming community, providing an ideal blend of opportunity and quality of life.
BOR: NEWGEN ADVISORY CA, INC | ANDREW POST | CA LICENSE NUMBER: 01960611
BOR: NEWGEN ADVISORY CA, INC | ANDREW POST | CA LICENSE NUMBER: 01960611
Property Facts
| Price | £1,174,950 | Building Size | 15,537 SF |
| Price Per Room | £34,557 | No. Rooms | 34 |
| Sale Type | Investment | Number of Floors | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1961/1999 |
| Property Subtype | Hotel | Parking Ratio | 2.51/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.69 AC |
| Price | £1,174,950 |
| Price Per Room | £34,557 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.69 AC |
| Building Size | 15,537 SF |
| No. Rooms | 34 |
| Number of Floors | 1 |
| Year Built/Renovated | 1961/1999 |
| Parking Ratio | 2.51/1,000 SF |
| Corridor | Exterior |
Amenities
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 34 | £89.30 | - |
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PROPERTY TAXES
| Parcel Number | 160013909 | Improvements Assessment | £405,914 |
| Land Assessment | £48,708 | Total Assessment | £454,622 |
PROPERTY TAXES
Parcel Number
160013909
Land Assessment
£48,708
Improvements Assessment
£405,914
Total Assessment
£454,622
zoning
| Zoning Code | 03-COMMERC (Commercial) |
| 03-COMMERC (Commercial) |
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Raine Motel | 618 W Highway 20
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