Description
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– **Location:** Murdo Inn, 105 5th St, Murdo, SD
This motel has been closed since October 2024, and there is no financials are available from the seller.
These are projected for the new buyer as:
– **Property Size:** 7,126 square feet on a 32,234 square foot lot
– **Rooms:** 32 well-appointed rooms
– **History:** Established in 1950
– **Price:** $349,000
– **Value per Key:** $10,906 per key
– **Value per Square Foot:** $48.98 per square foot
– **Weekly Rent:** $300
– **Annual Taxes:** Approximately $4,500
– **Projected Household Income:** $78,661 within a 5-mile radius by 2025
– **Financing Options:**
– 15% down payment
– Competitive interest rates (6-7%)
– 20-year amortization with balloon payment due in five years
– Optional five-year extension for interest-only payments
– **Condition:** Currently winterized but well-maintained
– **Opportunity:** Significant potential for financial growth
Reach out to the Vip Commercial Team at 407 453- 3415 for more information!
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