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Crete Inn and Retail Restaurant 1515 Blue Acres St 38 Room Hotel Crete, NE 68333 $1,374,294 CAD ($36,166 CAD/Room)
Executive Summary
Rare Opportunity for Turn-Key Motel AND Retail Restaurant with Tenant!
Consistently 30-40% occupied with no advertising, no website and no media presence.
All guests are currently monthly.
2023 Room Gross $159,195.13
2024 Room Gross $173,068.86
2025 Room Gross $128,400.70 - (Seller began health problems)
Hotel has living quarters consisting of a 2 bed, 1 bath and kitchen for owner or manager. There is also a one car garage on the property for owner/manager.
Restaurant lease is month to month with tenant paying $1800 monthly, (has been as high as $2,000/mo) Tenant pays their own insurance, inside maintenance and snow removal. Restaurant also houses a 4 bed 1 bathroom apartment that is currently included in the rent. Has gas furnace and central air, new in 2022/2023.
Hotel and restaurant both had entire roofs replaced in 2022.
Of the 38 rooms:
27 window AC/Heat units have been replaced.
15 new bathtubs/shower surrounds have been replaced.
38 toilets are new.
All 38 units have had the carpet replaced in the last 4 years.
Rooms consist of 26 Double Queens, 9 Kings, 1 Handicap and 2 King Suites.
There are 2 storage closet/rooms, a maid cart room and 1 employee bathroom.
Consistently 30-40% occupied with no advertising, no website and no media presence.
All guests are currently monthly.
2023 Room Gross $159,195.13
2024 Room Gross $173,068.86
2025 Room Gross $128,400.70 - (Seller began health problems)
Hotel has living quarters consisting of a 2 bed, 1 bath and kitchen for owner or manager. There is also a one car garage on the property for owner/manager.
Restaurant lease is month to month with tenant paying $1800 monthly, (has been as high as $2,000/mo) Tenant pays their own insurance, inside maintenance and snow removal. Restaurant also houses a 4 bed 1 bathroom apartment that is currently included in the rent. Has gas furnace and central air, new in 2022/2023.
Hotel and restaurant both had entire roofs replaced in 2022.
Of the 38 rooms:
27 window AC/Heat units have been replaced.
15 new bathtubs/shower surrounds have been replaced.
38 toilets are new.
All 38 units have had the carpet replaced in the last 4 years.
Rooms consist of 26 Double Queens, 9 Kings, 1 Handicap and 2 King Suites.
There are 2 storage closet/rooms, a maid cart room and 1 employee bathroom.
Data Room Click Here to Access
- Market Information
Property Facts
| Price | $1,374,294 CAD | Lot Size | 0.92 AC |
| Price Per Room | $36,166 CAD | Building Size | 14,586 SF |
| Sale Type | Investment | No. Rooms | 38 |
| Sale Condition | Business Value Included | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1972/2022 |
| Property Subtype | Hotel | Parking Ratio | 3.43/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | A02 | ||
| Price | $1,374,294 CAD |
| Price Per Room | $36,166 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 14,586 SF |
| No. Rooms | 38 |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2022 |
| Parking Ratio | 3.43/1,000 SF |
| Corridor | Exterior |
| Zoning | A02 |
About 1515 BLUE ACRES ST , CRETE, NE 68333
38 Room Hotel and Free-standing retail restaurant with many improvements and great visibility!
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 38 | $116.02 CAD | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 760019541 | Improvements Assessment | $657,555 CAD |
| Land Assessment | $110,800 CAD | Total Assessment | $768,355 CAD |
Property Taxes
Parcel Number
760019541
Land Assessment
$110,800 CAD
Improvements Assessment
$657,555 CAD
Total Assessment
$768,355 CAD
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Crete Inn and Retail Restaurant | 1515 Blue Acres St
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