Island Inn Listing Details & Market Data

2311 South Locust Street, Grand Island, NE 68801

  • For Sale $1,600,000
  • 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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Attachments

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

Contacts

broker

Brendan "Mac" Bleier

NewGen Advisory

(805) 557-8867

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (63)
  • Bike Score ®

    Somewhat Bikeable (46)
Powered by Walk Score ®
  • 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

  • Chuckwagon

    0.12 miles

  • El Tapatio

    0.17 miles

  • Burger King

    0.21 miles

  • Fiesta Latina

    0.37 miles

  • Finnish Line

    0.71 miles

  • Denny's

    0.73 miles

  • Tacos Las Palmas

    1.25 miles

  • McDonald's

    1.57 miles

  • Subway

    1.58 miles

  • Taco John's

    1.58 miles

  • E F Starr Elementary School

    0.12 miles

  • Stolley Park Elementary School

    0.78 miles

  • Dodge School

    1.28 miles

  • Barr Junior High School

    1.39 miles

  • Wasmer Elementary School

    1.42 miles

  • C Ray Gates Elementary School

    1.61 miles

  • Mile Bridge School

    1.70 miles

  • Central Community College - Grand Island Campus

    1.84 miles

  • Central Community College - Grand Island Campus

    1.86 miles

  • Walnut Junior High School

    2.03 miles

  • Twisters Preschool Academy

    0.27 miles

Contact Listing Broker

broker

Brendan "Mac" Bleier

NewGen Advisory

(805) 557-8867