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Economy Inn 2011 N Broadway St 18 Room Hotel Poteau, OK 74953 $830,700 CAD ($46,150 CAD/Room) 16% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime visibility on busy Broadway Street (major commercial corridor).
- High demand for weekly and monthly rentals in the area.
- Strong cash flow potential — $8,000+ monthly net achievable.
- Surrounded by new developments and 4–5 thriving fast-food restaurants.
- Includes an on-site two-bedroom manager’s apartment.
- Perfect for an owner-operator or investor seeking steady income and appreciation.
EXECUTIVE SUMMARY
Property Overview
The Economy Inn is a 16-room motel strategically located on Broadway Street, one of the busiest and most visible commercial corridors in Poteau, Oklahoma. Within a two-mile radius, there are at least nine other hotels, making this a well-established hospitality district.
Poteau is a growing regional city, just 40 minutes from Fort Smith, Arkansas, drawing both travelers and long-term residents. The motel was originally built around the 1970s–1980s and includes a two-bedroom manager’s apartment, ideal for owner-operators or live-in management.
Area Growth & Location Advantage
Since the current ownership began in 2020, the surrounding area has experienced significant commercial development. At least four to five new fast-food restaurants have been built nearby—each thriving and bringing heavy daily traffic to Broadway Street. This strong local growth trend enhances the property’s long-term value and business potential.
Business Operations
• Operated as a weekly and nightly rental motel.
• Weekly rates: $230–$260 per room.
• Average monthly revenue: $13,000–$16,000 when fully occupied.
• Typical monthly expenses:
• Electricity: ~$1,000
• Water: ~$400
• Gas: ~$120
• Internet/Cable: ~$320
• Management/Payroll: ~$1,500
• Maintenance/Supplies: ~$400
• Average net profit: approximately $8,000/month (excluding property tax and insurance).
Currently, the property operates primarily on monthly rentals, producing $10,000–$11,000 gross and $5,000–$6,000 net. With minimal updates and consistent management, the motel can easily return to its previous profitability range.
Property Condition
• Solid structure, typical of 1970s–80s construction.
• Window A/C units installed in most rooms (replacement cost: $435 each).
• Estimated full upgrade for 16 rooms: $6,000–$7,000.
• Minor improvements such as interior paint, appliance upgrades, and exterior cleanup would greatly improve curb appeal.
• Competes directly with nearby American Inn, which maintains full occupancy with similar style rooms.
The Economy Inn is a 16-room motel strategically located on Broadway Street, one of the busiest and most visible commercial corridors in Poteau, Oklahoma. Within a two-mile radius, there are at least nine other hotels, making this a well-established hospitality district.
Poteau is a growing regional city, just 40 minutes from Fort Smith, Arkansas, drawing both travelers and long-term residents. The motel was originally built around the 1970s–1980s and includes a two-bedroom manager’s apartment, ideal for owner-operators or live-in management.
Area Growth & Location Advantage
Since the current ownership began in 2020, the surrounding area has experienced significant commercial development. At least four to five new fast-food restaurants have been built nearby—each thriving and bringing heavy daily traffic to Broadway Street. This strong local growth trend enhances the property’s long-term value and business potential.
Business Operations
• Operated as a weekly and nightly rental motel.
• Weekly rates: $230–$260 per room.
• Average monthly revenue: $13,000–$16,000 when fully occupied.
• Typical monthly expenses:
• Electricity: ~$1,000
• Water: ~$400
• Gas: ~$120
• Internet/Cable: ~$320
• Management/Payroll: ~$1,500
• Maintenance/Supplies: ~$400
• Average net profit: approximately $8,000/month (excluding property tax and insurance).
Currently, the property operates primarily on monthly rentals, producing $10,000–$11,000 gross and $5,000–$6,000 net. With minimal updates and consistent management, the motel can easily return to its previous profitability range.
Property Condition
• Solid structure, typical of 1970s–80s construction.
• Window A/C units installed in most rooms (replacement cost: $435 each).
• Estimated full upgrade for 16 rooms: $6,000–$7,000.
• Minor improvements such as interior paint, appliance upgrades, and exterior cleanup would greatly improve curb appeal.
• Competes directly with nearby American Inn, which maintains full occupancy with similar style rooms.
PROPERTY FACTS
| Price | $830,700 CAD | Building Size | 4,731 SF |
| Price Per Room | $46,150 CAD | No. Rooms | 18 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 16% | Year Built | 1960 |
| Property Type | Hospitality | Parking Ratio | 5.71/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Parcel Number | Q080-00-003-000-0-005-00 |
| Lot Size | 0.48 AC | ||
| Zoning | C2 - Motel, Office-Apartm POTEAU FORBES ADD BLK 3 N65 LOT 2 &; S85 LOT 3 B1473 P202 | ||
| Price | $830,700 CAD |
| Price Per Room | $46,150 CAD |
| Sale Type | Investment |
| Cap Rate | 16% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.48 AC |
| Building Size | 4,731 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 5.71/1,000 SF |
| Corridor | Exterior |
| Zoning | C2 - Motel, Office-Apartm POTEAU FORBES ADD BLK 3 N65 LOT 2 &; S85 LOT 3 B1473 P202 |
| Parcel Number | Q080-00-003-000-0-005-00 |
AMENITIES
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 18 | $40.15 CAD | - |
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Economy Inn | 2011 N Broadway St
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