Island Inn

For Sale

2311 South Locust Street, Grand Island, NE 68801

This Grand Island property for sale is located at 2311 South Locust Street. The current listed sale price for Island Inn is $1,600,000. Island Inn is situated on a lot that is 0.85 acre in size.

Contacts

broker

Brendan "Mac" Bleier

NewGen Advisory

(805) 557-8867

Property Details

  • Property Type Other
  • Property Size 17,088 SF
  • Units 44
  • Lot Size 0.85 Acre
  • Date Updated Apr 9, 2024
The Island Inn is located in Grand Island, nestled alongside the scenic Platte River, serves as the region's hub and is the state's fourth-largest city. The Island Inn in Grand Island, Nebraska, offers a convenient base for guests to explore the vibrant cultural scene and attractions of Grand Island, including its festivals, the Bluegrass Music Hall of Fame and Museum, and excellent sports facilities.NewGen Advisory and The Bowman Post Group is proud to present the Island Inn in Grand Island, Nebraska. This property is a two story interior corridor that features 44 guest rooms. This property presents an owner operator with a great opportunity to come into this underperforming, absentee owned asset, and increase profitability by hand on management, proper marketing, potential rebranding, combined with rate and expense management. The property is currently staffed with very little ownership presence. With a more involved investor or owner operator there is much upside potential. BOR: NewGen Advisory CA INC | Andrew Post | CA LIC. NO. 01960611

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Highlights

  • 44 units, Interior, Two Stories
  • T12 Revenue: $397,273
  • 2022 Revenue: $345,710
  • 2021 Revenue: $307,999
  • Priced at $36,364 Per Key Pricing
  • Located 5 minutes from Island Oasis Water Park and Tuhr Museum
  • Sizeable Managers Quarter on-site

Attachments

Getting around

  • 63/100

    Walk Score ®

  • 46/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Grand Island, NE
  • Neighborhood Grand Island
  • Zip Code 68801

Points of Interest

  • Pump and Pantry

    0.62 miles

  • Casey's General Store

    1.60 miles

  • Conoco

    1.64 miles

  • Pump & Pantry

    1.66 miles

  • Casey's General Store

    1.90 miles

  • Casey's

    2.85 miles

  • Sinclair

    3.07 miles

  • Phillips 66

    3.66 miles

  • Tesla Supercharger

    5.24 miles

  • Fat Dogs

    5.62 miles

  • Rest Area I-80 (East Bound)

    5.30 miles

  • Rest Area I-80 (West Bound)

    5.82 miles

  • Island Inn

    0.00 miles

  • Ramada by Wyndham Midtown Grand Island

    0.11 miles

  • Super 8 Grand Island

    0.16 miles

  • Best Western Plus Grand Island Inn & Suites

    0.22 miles

  • The Grand Island Extended Stay

    0.53 miles

  • Mainstay Suites

    0.58 miles

  • Grand Island Travelodge

    0.64 miles

  • Rodeway Inn Grand Island

    0.66 miles

  • Boarders Inn and Suites

    0.76 miles

  • 4 Plex Motel

    1.63 miles

  • Walmart Supercenter

    0.96 miles

  • Super Saver

    1.62 miles

  • Conoco 1-Stop

    1.63 miles

  • African Grocery Store

    1.92 miles

  • Vientiane Oriental Market

    1.99 miles

  • La Flor

    2.03 miles

  • Hy-Vee

    2.48 miles

  • Gordmans

    2.98 miles

  • JCPenney

    3.23 miles

  • Dillard's

    3.25 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Brendan "Mac" Bleier

NewGen Advisory

(805) 557-8867