Ness City Motel With Super Financial Upside For Sale

Business description

LOCATION: Ness City, Kansas, with an approximate population of 1,600 at an elevation of about 2,251 feet, is located on busy U.S. Hwy 283 [north/south] and Kansas Principal Hwy 96 [east/west].

The seat of Ness County has a population of approximately 3,500 and is located in the heart of America’s ‘bread-basket.’ The fertile agricultural environment of farming and ranching, as well as the increasing oil & natural gas exploration/production are the dominant part of the local economy and offer an exciting and profitable business potential. Ness City is an active community with great schools, a golf course and other recreational facilities in place, and within a 7.5-mile drive is the Goodman State Fishing Lake & Wildlife Area. A 34-mile drive north provides great fishing at the Cedar Bluff Reservoir. Bird and game hunting are world-class in the region. It is a great place to bring up a family or simply to retire from hectic big-city life.

Ness City is unique among the towns of Western Kansas. It is stabilized and continued to grow during other towns’ population shifts to metropolitan areas. Served by the Central Kansas Railway, the town’s friendly attitude and busy downtown area attract shoppers from a wide region.

MOTEL INFORMATION: This motel has been operated for more than 25-years by the only other lodging facility in town. There are no accounting records available for the property, and the Asking Price is strictly derived from real estate and building values.

The Seller purchased both motels as a package about twelve (12) years ago, with the Park Motel primarily accommodating overflow business. It provides lodging for oilfield and harvest crews. Because the 17-guestrooms were operated by its larger sister-hotel, it has no office, laundry or living quarters. Nonetheless, the Seller makes the adjacent home, separately owned and not utilized for the motel’s operation, available.

MOTEL IMPROVEMENTS: It must be noted that this Motel is available strictly and only on an ‘As-Is’ Basis. The 17-guestroom are in U-shaped one-story frame building, situated at 422 W. Sycamore Street, on Ness City’s east/west main street, also busy Kansas Principal Hwy 96, and only a few hundred yards west of the busy north/south U.S. Hwy. 283. Originally built in the 1950’s, the property’s clean, no-frills guestrooms feature exterior entrances, Cable TV and individual HVAC units. Plentiful parking, natural-gas water heat, and city water & sewer are all in place.

Most likely, a new Owner would change one guestroom into a reception area, with a small laundry in the back for ease of operation. It would be advisable for a new owner to outfit the motel with wireless Internet service and 4-small billboards at each feeder-road entrance into town. A website will give competition to the only other motel in town, which offers neither.

HOME INFORMATION: Situated on a wonderfully treed 1-Acre Lot, adjacent to the Motel and the City Park to its west, the home at 420 W. Sycamore Street needs repairs and a new Owner’s TLC. It features 4-Bedrooms, 2-Bathrooms – two on the main floor and two at the lower level, a Kitchen, Living Room with Fireplace, and a Dining Room.

With a 2-Car Garage and a large picturesque yard with giant trees, this residence is aching for a happy family to make it their home while operating the 17-guestroom Motel next door.

Schools: Ness City Elementary and Ness City High. Founded in 1919, Sacred Heart School offers private education from Pre-Kindergarten through 8th grade.

TERMS: Asking Price for Motel & Home $125,000. Cash or Conventional. With a 30% cash down-payment, Seller may carry for a qualified Buyer.

Property information

Real Estate:

Real Property Included

Other information

Related documents:

• 
• Property Brochure