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Stacie Johnson

Realtor

  • Cell 319.213.1014
Questions?

1320 W Madison Street, Washington, IA – $540,000

  • $540k Price
  • 8,208 Sqft
  • 2.26 Acres
  • $540k Price
  • 8,208 Sqft
  • 2.26 Acres

1320 W Madison Street

Beautiful well maintained twenty one rooms Hawkeye Motel located in town of Washington, IA on West Madison St. Highway 92 & 1. Current owner has been owning for last six years and very motivated to sale. Exterior of building is well maintained. Recently all new beddings, flat screen TV, phone System, Security camera, washer & drier, guest laundry, carpet and fresh room paint has been added to this motel. Modern three bedroom manager apartment is recently been renovated with sun room and a kitchen with new stainless steel appliance. Room revenue is consistence for last several years and potential to increase for an aggressive new family operated owner. Hawkeye Motel is well priced at $540,000, 2.8 times the room revenue with attractive cash flow.

100% Financing Available

NO 1% ORIGINATION FEE

Tami McGary Office: 319.341.2126
More Info

Essential Information

  • MLS® #1905399
  • Price$540,000
  • Bathrooms0.00
  • Square Footage8,208
  • Acres2.26
  • Year Built1959
  • TypeCommercial
  • Sub-TypeBusiness, Special Purpose
  • StatusActive

Community Information

  • Address1320 W Madison Street
  • AreaOT-W (West of I-380)
  • CityWashington
  • CountyWashington
  • StateIA
  • Zip Code52353

Amenities

  • UtilitiesElectric, Gas
  • FeaturesSign

Interior

  • InteriorCarpet
  • # of Stories1

Heating

Electricity Heat, Window/Wall Air

Exterior

  • RoofShingle Asp
  • ConstructionFrame

Additional Information

  • ZoningComm

Listing Details

  • AgentAshok Parikh
  • OfficeSKOGMAN REALTY COMMERCIAL
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Copyright © 2019 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.

Listing information last updated on August 17th, 2019 at 6:29am CDT.