Super 8 by Wyndham| Potosi, MO

820 E High St,
Potosi, MO 63664,
Potosi, MO 63664

 

$2,000,000
Offering Price
$204,582
NOI
10.23%
Cap Rate
3.30
RRM
49
Total Rooms
$40,816
Price Per Key
$2,000,000
Offering Price
$204,582
NOI
10.23%
Cap Rate
3.30
RRM
49
Total Rooms
$40,816
Price Per Key

Location Overview

  • Potosi, Missouri, a charming town nestled in Washington County, presents a unique opportunity for investors and business owners looking to tap into a resilient and diverse economy. The town's unemployment rate stands at 6.0%, on par with the US average, demonstrating a robust labor market. Despite a slight decrease in the job market by -0.1% over the last year, the future job growth over the next decade is predicted to be 18.3%, indicating a promesing economic trajectory.
  • The tax rates in Potosi are competitive, with a sales tax rate of 7.2% and an income tax rate of 5.9%, which are comparable to the national averages. These rates can have a significant impact on the cost of living and doing business, making Potosi an attractive place for investment.
  • The town's economy is diverse, with significant contributions from sectors such as retail trade, educational services, and health care and social assistance. This diversity provides a stable economic base and offers a variety of opportunities for businesses in different sectors.
  • Investing in Potosi means becoming part of a community that is poised for growth and development. With its resilient economy, diverse job market, and competitive tax rates, Potosi, Missouri, offers a promising landscape for investors and business owners. Whether you're looking to start a new business or expand an existing one, Potosi provides a welcoming and supportive environment for your venture.

Investment Overview

  • Exceptional investment opportunity with Super 8 by Wyndham, a well-established and reputable hotel brand.
  • Offers 49 rooms with significant potential to maximize Average Daily Rate (ADR) and hence profitability.
  • Ideally located at the intersection of three major state highways (185, 8, and 21) ensuring high visibility and traffic volume of 10,000-15,000 vehicles daily.
  • The only hotel in town, providing a unique monopolistic advantage in the market.
  • Property unencumbered by management and debt, providing a significant discount to replacement cost.
  • Conveniently surrounded by a variety of local businesses, enhancing the appeal and convenience for guests.
  • Located within an "OPORTUNITY ZONE," which could offer substantial tax benefits to new owners.
  • Situated an hour's drive away from the economically and demographically expanding city of St. Louis, Missouri with a population of 293,000 and growing.
  • High potential to drive Revenue per Available Room (RevPAR) due to the hotel's iconic location.
  • Excellent opportunity for both owner operators and new buyers, with great potential for return on investment.
FOR MORE DETAILS CONTACT
Dharam Chaudhari
Principle
(913) 906-8600
dharam@reco.realestate