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Property Description
Investment opportunity! Available for purchase!Owner established hospitality business with a proven operating history and two proven streams of income under one roof!This property includes 13 traditional motel units, 12 extended stay units. A total of 25 units and if that wasn't enough this motel includes a spacious 4 bedroom management residence.Conveniently offers front office & lobby with mini bar and check in-out desk.The Oakdale Motel in the heart of Owatonna operated since 1998 is a well known lodging destination serving Owatonna and the surrounding communities located near I-35 and US Hwy 14.Oakdale Motel has an established presence in the local hospitality market.The combination of traditional and extended stay accommodations provides flexibility to capture both short term and long term guests.This is more than a motel it's an income producing investment with 2 revenue streams of income with an established market presence and room to grow.Oakdale Motel deserves a serious look!
Property Features
Property Type: Commercial - Business
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Heating: Baseboard
Lot Size: 0.53 Acres
Roof Type: Age Over 8 Years, Asphalt
Taxes: $4,448
Year Built: 1953
Feature Descriptions
Appliances: Cooktop, Range, Refrigerator
Basement: None
Current Use: Hotel/Motel
Days on Site: 5
Exterior: Frame
Foundation Size: 7509
Handicap Accessible: No Stairs External
Lot: Corner Lot
Lot Dimensions: 23261
Owners Expense: All Utilities
Ownership Decription: Lender Owned
Parcel#: 174320114
Parking: Paved Lot
Road Frontage: City Street
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Inventory, Leases
Sewer: City Sewer/Connected
Units: 25
Utilities: Heating Common
Water: City Water/Connected
Local Schools
School District: Owatonna
Listed By / Shown By
Listed By
Agency Name: Real Broker, LLC
Agency Phone: 855-450-0442
Shown By
Agency Title: Counselor Realty
Agency Phone: 612-405-8404
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1418 S Oak Avenue | MLS# 7146134
This commercial property located at 1418 S Oak Avenue , Owatonna, MN 55060 is currently listed for sale with an asking price of $1,350,000. S Oak Avenue is located within the Owatonna school district. Search Owatonna real estate on www.counselorrealty.com today.