UNDERWOOD MOTEL ON MULBERRY 24936 Mulberry Lane
Underwood, IA 51576
For Sale
7,752 sqft
Sale Price
$550,000
Brochure
Map
Hospitality For Sale - Available Immediately
21-room motel - 7,752 SF Building / 1.26 AC Land
21-room motel
Excellent owner/operator opportunity
Convenient location off I-80, within 10 miles to Council Bluffs and the Omaha, Nebraska metropolitan area
Demand generators include I-80 traffic, casinos, golf courses, Jack Links plant, convention centers, concert venues and Henry Doorly Zoo
Only one of two hotel or motels within 13 miles
Well below replacement cost
Recent capital improvements and renovations
See agent for financials and other information
Get in touch
Talia Swanson
CBRE is pleased to present the opportunity to acquire the Underwood Motel on Mulberry, a 21-unit motel in Underwood, Iowa. The property consists of a one-story building with two-story manager apartment and office adjacent to Interstate 80.
EXECUTIVE SUMMARY - THE PROPERTY
$550,000 offering price
21 total number of rooms
ONE number of buildings
7,752 SF / 1.26 AC
BUILDING SIZE 7,752 SF
LAND AREA 1.26 AC
YEAR BUILT 1973
BUILDING CONFIGURATION Single-story linear motel with two-story manager apartment and office
NUMBER OF ROOMS 21
OWNERSHIP INTEREST Fee-simple
MANAGEMENT Unencumbered
EXECUTIVE SUMMARY - THE PROPERTY
$550,000 offering price
21 total number of rooms
ONE number of buildings
7,752 SF / 1.26 AC
BUILDING SIZE 7,752 SF
LAND AREA 1.26 AC
YEAR BUILT 1973
BUILDING CONFIGURATION Single-story linear motel with two-story manager apartment and office
NUMBER OF ROOMS 21
OWNERSHIP INTEREST Fee-simple
MANAGEMENT Unencumbered
JURISDICTION Underwood, Iowa 51576
LOCATION West of I-80 NW NE
ASSESSOR PARCEL # 764221100007
ZONING Commercial
Location Highlights
› Adjacent to Exit 17 off I-80
› Next to Underwood I-80 Truck Stop
› Only one of two motels or hotel within 13 miles
› Within walking distance to the Jack Links Beef Jerky Plant and the town of Underwood
Amenities
› 21 rooms with two-story manager apartment and leasing office
› Refrigerators and microwaves in all rooms
› Complimentary Wi-Fi and cable TV in all rooms
› On-premise laundry facility
LOCATION West of I-80 NW NE
ASSESSOR PARCEL # 764221100007
ZONING Commercial
Location Highlights
› Adjacent to Exit 17 off I-80
› Next to Underwood I-80 Truck Stop
› Only one of two motels or hotel within 13 miles
› Within walking distance to the Jack Links Beef Jerky Plant and the town of Underwood
Amenities
› 21 rooms with two-story manager apartment and leasing office
› Refrigerators and microwaves in all rooms
› Complimentary Wi-Fi and cable TV in all rooms
› On-premise laundry facility
Total Space Available
7,752 sqft
Sale Price
$550,000
Get in touch
Talia Swanson