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The Lake House Inn 245 S Main St

26 Room Hotel Laurie, MO 65038 $2,157,616 CAD ($82,985 CAD/Room) 10.16% Cap Rate

Investment Highlights

  • 26 Keys with Manager’s Quarters and Private Office
  • Interior and Exterior Improvements Throughout the Property
  • Easy Access to the Lake, Osage Beach, and Major Attractions Including Ozark International Raceway and “The LOOP”
  • High Traffic Location with Visibility from Highway
  • Ample Parking for All Motel Guests

Executive Summary

Cates Real Estate is pleased to present for sale, The Lake House Inn located at 245 S Main St, Laurie, MO 65038. This exceptionally located motel, nestled in the heart of Laurie, Missouri, offers a unique opportunity with limited competition in the immediate area. Perfect for an owner-operator or as an addition to a hospitality portfolio, The Lake House Inn provides convenient access to lake activities and Osage Beach making it an attractive destination for travelers.
The property features 26 keys, a manager’s quarters, and a private office, ensuring comfort and functionality for both guests and operators. Guests can easily access major attractions such as the Ozark International Raceway and "The LOOP," enhancing their stay experience.
The Lake House Inn is a profitable business ready for a new owner to elevate it through an interior renovation program. With recent improvements to both the interior and exterior, the property is well-positioned for continued success. New high-profile developments in the area promise to further enhance its appeal.
Situated on a generous 4.69-acre lot, the property offers ample room for expansion and provides abundant parking for all motel guests. The diverse unit mix is designed to accommodate both lone travelers and families, ensuring a wide range of satisfied guests.
Contact the listing agent to schedule a private showing.

Attachments

Brochure

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $2,157,616 CAD
Price Per Room $82,985 CAD
Sale Type Investment
Cap Rate 10.16%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 4.00 AC
Building Size 11,366 SF
No. Rooms 26
No. Stories 1
Year Built/Renovated 1982/2022
Parking Ratio 2.64/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 26 $108.94 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
209029000000047000
Land Assessment
$48,974 CAD
Improvements Assessment
$171,635 CAD
Total Assessment
$220,609 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023

zoning

Zoning Code C
C
  • Listing ID: 32504969

  • Date on Market: 2024-07-18

  • Last Updated:

  • Address: 245 S Main St, Laurie, MO 65038

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