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
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$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
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