W6330 Hwy 23, Oxford, WI
Motel for Sale - $539,000 - 8,828 Sq. Ft. on 10.14 acres
Property Info
| CIMLS# | 746671 |
| Location W6330 Hwy 23 Oxford WI 53952 | |
| Updated | January 22nd, 2017 |
| Type | Motel |
| Price | $539,000 |
| Building | 8,828 Sq. Ft. |
| Land | 10.14 acres |
Property Description
Wooded motel/retreat business at intersection of Interstate 39 and Hwy 23. Property has two 24 x 30 cabins each with 2 bedrooms, 14 motel rooms, and a 3 bedroom, 2 bath, office, fireplace and central air 1,671 SF owner's home. Residence has additional 475 SF guest registration office, bathroom and laundry for the business. The 10.14 Acre site offers space for additional cabins or more rooms. Popular with hunters, snowmobilers, and those just wanting to get away to a wooded retreat. Current owners will stay on to help with transition.
Location Description:
Wooded 10.14 Acres at intersection of I39 and Hwy 23, one hour north of Madison, WI.
Highlights:
>> Well Maintained
>> Sale includes owner's residence
>> Separate guest registration office
>> Includes 10 wooded acres
>> Popular retreat for fall color, hunters and snowmobilers
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Financials
Sales Info:
>> Cap rate: 10.58%
>> Commision split: 3.0%
>> NOI: $57000