102 Key Independent Motel

Strategically located near the regional airport along a major highway on the north side of Evansville, IN, this area has experienced substantial redevelopment over the past 24 months. Directly to the south, a prominent mixed-use shopping center now features a newly opened restaurant, fitness club, and indoor shooting range. Additionally, the former Clarion Inn at the Lynch Road intersection is undergoing an extensive renovation and transformation into residential apartments.RECENT RENOVATIONS / EXTERIOR PAINTED / NEW LANDSCPAING. Nearly all rooms have been updated by the owner with new paint, flooring, and finishes in alignment with the branding standards of several major economy hotel franchises, providing flexibility for future rebranding opportunities. Heating and cooling are managed by PTAC units, the majority of which have been replaced within the last five years. This 102-unit motel, located near the regional airport, has been operated by the current owner since 2010 under various names, including Motel 6 (until approximately 2020), Motel 41, and its current name, PT6 Motel. The property features masonry block wall construction typical of its era, with uniformly sized rooms offering single or double bed configurations. Nine units have been converted into a master apartment where the owner resides. The property includes a small on-site office and laundry facilities, enhancing operational convenience. Seller built a 60'x20' building designed for self storage on the north end of the property that they use for business storage but could be a source of additional rental income.