460 North Country Club Drive Colby, Kansas

  • New
$375,000.00
Address: 460 North Country Club Drive Colby, Kansas
State: Kansas
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Property Description

COUNTRY CLUB DRIVE MOTEL

LEGAL DESCRIPTION : Lots 1-10 & S2 Adj Vac Alley BLK 122 & Lots 1-2 & Adj Vac Alley BLK 123 North Addition to the City of Colby, Thomas Co. KS

Active motel with 24 active units. Located at a well traveled intersection of Highway 24 and Country Club Drive (coming off I-70 East exit). On-site living quarters that offers 3,000+/- Sq Ft. (currently rented out). On site laundry for housekeeping, office area with small living space with camera, 11 units have kitchenettes. All units have refrigerator & microwave. All furnishings in rental rooms are included. 

Colby is the perfect market for multi-apartment units. With the current rental shortage, this would be a great investment to consider turning the property into rental units instead of a motel. However, the seller has owned the property and used it as a motel. Serious buyers may be given some financial information with the permission of the seller. If you look at the rate of return for use as apartments, in my opinion, it will be a strong investment.
If you desire additional parking space to conform to apartments, there is additional space to the south of the first wing near the highway. It would be important to visit with the City of Colby, KS to confirm how much parking is needed for apartment dwellings instead of a motel. The property is located in a C-2 which will allow apartments.
Approximate property line is to the alley west and east to Country Club Drive and South to 4th /Highway 24.
The main living quarters is located upstairs and there are 3,000 +/- Sq. Ft. Huge rooms with large bedroom, bath, kitchen, dining and living room. There is a deck off the main living area. This is currently rented out.
There could be a small courtyard area in the rear of the north wing. some of the units have access to it.

Property Information

  • Type:

    Commercial

  • Area Size : 38640 sq ft
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