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8483 W State Rd 56

French Lick, IN 47432
  • $1,500,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 202300579
UPDATED: 13 min ago
$1,500,000
  • 0
    BEDS
  • 2.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,289
    SQFT
Neighborhood:
Type:
Commercial
Built:
1987
County:
Area:

School Ratings & Info

Description

Incredible investment opportunity in a thriving area, perfectly situated along the Boulevard in French Lick! This property is centrally located for easy access to dining, shopping, Big Splash Water Park and the French Lick Resort Casino. This motel offers nightly or weekly rentals with 40 units total plus managers apartment/office area. The site features 2+ acres and over 15,000 square feet of finished space. The property consist of 3 buildings with building 1 having 19 rooms with queen beds and 1 handicap room, building 2 includes 11 rooms with double beds, break room, laundry room, and 1 suite. Building 3 consist of 10 rooms with double beds, 1 handicap room, and 1 suite. The current 2022 occupancy rate is 58%

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© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hoosier Real Estate Group. Data last updated: 2023-01-26T22:28:22.17.

www.hoosierreg.com/homes/135870852
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8483 W State Rd 56 French Lick, IN 47432

  • Price: $1,500,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 13 min ago
  • MLS #: 202300579
0
Beds
0
Baths
0
½ Baths
2.1
Acres
15,289
SQFT
$98
$/SQFT
1987
Built
Neighborhood:
None
County:
Orange
Area:
Orange
Property Description
Incredible investment opportunity in a thriving area, perfectly situated along the Boulevard in French Lick! This property is centrally located for easy access to dining, shopping, Big Splash Water Park and the French Lick Resort Casino. This motel offers nightly or weekly rentals with 40 units total plus managers apartment/office area. The site features 2+ acres and over 15,000 square feet of finished space. The property consist of 3 buildings with building 1 having 19 rooms with queen beds and 1 handicap room, building 2 includes 11 rooms with double beds, break room, laundry room, and 1 suite. Building 3 consist of 10 rooms with double beds, 1 handicap room, and 1 suite. The current 2022 occupancy rate is 58%
Exterior Features

Construction Type1 Stick Built Exterior VinylWood Fire Doors YN No Lot Dimensions 2.10 Acres Parking Lot Parking Type Parking Lot Parking YN Yes Road Access City Roof Material Shingle Security Light YN Yes Sign Type Street Sign Pole/Sign Signs YN Yes Waterfront YN No

Interior Features

Basement Foundation CrawlSlab Basement YN No Bldg1 Above Grd Sq Ft 15289 Bldg1 Below Grd Sq Ft 0 Bldg1 Fin Office Sq Ft 0 Ceiling Height 8 Feet Column Spacing Unknown Cooling Wall Ac Flooring CarpetLaminate Heating Fuel Electric Interior Height 9 Feet Interior Walls DrywallOther Special Features 110 Volts Total Restrooms 42

Property Features

Annual Taxes 22165 Auction YN No Buildings 3 Burglar Alarm YN No Currently Leased YN No Documents Available Plat Map Enterprise Zone No Equipment YN No Fire Protection CityPublicTownshipVolunteer For Sale Or Rent For Sale Ingress Egress Asphalt Lease Term Remaining None New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Property Sub Type Hotel & Motel Reo YN No Sale Includes BuildingBusinessFurnitureInventory Sewer CityPublic Smoke Fire Alarm YN Yes Sprinkler System YN No Tax Abatement No Township French Lick Water Heater YN Yes Water Softener YN No Water Utility CityPublic Year Taxes Payable 2021

Listing provided by Randy Chaplin of Brooks Galloway Real Estate: [IDXCONTACTINFORMATION].
© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hoosier Real Estate Group.


© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hoosier Real Estate Group. Data last updated: 2023-01-26T22:28:22.17.

 
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Huntington IN, 46750