2550 Lone Oak Road, Paducah KY 42003

$2,200,000

2550 Lone Oak Road, Paducah, KY 42003

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Income producing property in Lone Oak! Beautiful, well-kept established 33 room hotel one mile from I-24. Motel includes a 3 bedroom, 2 bath manager's apartment, 19 large kitchenettes, 11 studio suites, and 3 smaller rooms. 12 rooms have been remodeled (new floors and AC), new paint and a new stairwell in the back building. A new lock system has been installed also. Occupancy rate from Feb. - Nov. averages 75 - 80% and Dec. - Jan. averages 50% occupancy. Currently No 3rd party bookings or advertising. Potential to increase revenue. Great investment opportunity! Current owner wants to retire.

Location
Subdivision	-
County	McCracken
Elementary School	-
Middle School	-
High School	-

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MLS number: 130298

Listing agent: Gerald Watkins #198425

Listing broker: Coldwell Banker Purchase Homes (270) 444-6008

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Last update: Thursday, February 13 2025 at 7:40 p.m. EST

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