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The Franklin Hotel 102 Elkader St 16 Room Hotel Strawberry Point, IA 52076 $392,673 CAD ($24,542 CAD/Room)
INVESTMENT HIGHLIGHTS
- The Franklin Hotel only has the Hotel portion in operation.
EXECUTIVE SUMMARY
I am excited to present a unique opportunity to own The Franklin Hotel, a historical landmark in Strawberry Point since 1902. This property has a rich history of serving travelers and hosting community events.
Key highlights of this opportunity:
Historical Significance: The Franklin Hotel is listed on the State of Iowa historical registry.
Grant Opportunity: Benefit from a \$15,000 grant available yearly.
Turnkey Business: The hotel is fully operational, featuring 6 long-stay apartments, 11 hotel rooms.
Multiple Revenue Streams: The property includes separate sections of the building that could be leased out.
Included in Purchase: The purchase price covers the building and the business, including the Franklin's established reputation, customer loyalty, and all trade fixtures.
Don't miss this chance to acquire a turnkey property with a strong foundation and multiple avenues for revenue.
Key highlights of this opportunity:
Historical Significance: The Franklin Hotel is listed on the State of Iowa historical registry.
Grant Opportunity: Benefit from a \$15,000 grant available yearly.
Turnkey Business: The hotel is fully operational, featuring 6 long-stay apartments, 11 hotel rooms.
Multiple Revenue Streams: The property includes separate sections of the building that could be leased out.
Included in Purchase: The purchase price covers the building and the business, including the Franklin's established reputation, customer loyalty, and all trade fixtures.
Don't miss this chance to acquire a turnkey property with a strong foundation and multiple avenues for revenue.
PROPERTY FACTS
AMENITIES
- Restaurant
- Meeting Event Space
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 16 | $89.56 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 22-41-22-251-001 | Improvements Assessment | $311,067 CAD |
| Land Assessment | $64,154 CAD | Total Assessment | $375,221 CAD |
PROPERTY TAXES
Parcel Number
22-41-22-251-001
Land Assessment
$64,154 CAD
Improvements Assessment
$311,067 CAD
Total Assessment
$375,221 CAD
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The Franklin Hotel | 102 Elkader St
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