666 12th St W, Grafton, ND
Others for Sale - $150,000
Property Info
CIMLS# | 988978 |
Location 666 12th St W Grafton ND 58237 | |
Updated | August 4th, 2018 |
Type | Others |
Price | $150,000 |
Property Description
The Leonard Motel was built in 1964 and has been owned and operated by only 4 owners. There are currently 18 rooms, a lobby, manager's apartment. The apartment was two separate apartments that were combined to make one large apartment. There are 2 bedrooms, 2 full baths, 2 kitchens, and a living room. There is also a screened room with a hot tub and the hot tub is included.The motel rooms have boiler heat with wall AC units. There is a laundry room with 2 washers and 2 dryers. There is also one more building on the property that is currently used for storage that could be remodeled and add 6 more rooms to the motel. The current owners have taken care of the motel with pride and have owned the property since 1976. The name and reputation has always produced consistent sales and profits. The motel is located in a high traffic location with easy access near the highway. There is tons of potential for expansion by renovating the lobby area for additional rooms or additional business space. This is a great opportunity for someone with the vision to expand and grow the business.