tomsmotel

PROPERTY NAME: Tom’s Motel, Pool, and Recreation Center
ADDRESS: 631 Central Ave. N, Brooten, MN 56316
COUNTY: Stearns
LOCATION: East side of the street, N Central Ave., downtown Brooten
DRIVING DIRECTIONS: Go 1 block N on Central Ave., from State Hwy 55
LAND AREA: Lot 75’ x 142”
SIZE OF BUILDING: 75’ x 140’
TYPE OF CONSTRUCTION: Wood Stud wall, exterior steel
AGE: 2006
# AND TYPE OF UNITS: 8 units, all doubles
PARKING: Central Ave., across the street in lot and side street in front of all the rooms.
ZONING: Commercial
UTILITIES: City Services
HVAC: In floor heat with an LP boiler and individual room controls, 200 amp elec. Service, individual room AC
REAL ESTATE TAXES: $214.00 (2007)
GROSS INCOME: $21,932 for the first 6 months of 2007

PRICE: $559,000        TERMS: Cash or C/D

COMMENTS: This is an 8 room motel, Laundromat, Swimming Pool, Wading Pool, Exercise room, and Recreation Center. The only thing of it’s kind in the area and brand new. Compliments the bar and reception hall business across the street. Has aerobic classes reserved during the week. Pool is open to the public when not reserved. Perfect for large family gatherings and often reserved on weekends for all kinds of gatherings. Gross income is increasing on a monthly basis.

We must receive a Letter of Confidentiality, completed and signed, before we are able to disclose further information on this opportunity. Print Letter of Confidentiality.