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2536 Hansen Ln
Altoona, WI 54720

$799,000 USD

Hotel For Sale  •  6,848 SF

Property Details

  • Property Type Hotel
  • Total Building Size 6,848 SF
  • Lot Size 1.02 AC
  • Building Class C
  • Year Built 1920
  • Tenancy Single
  • Zoning R
0 Transit Score
33 Walk Score

Description

Just reduced by 100K! Motivated Seller is moving out of state. The Otter Creek Inn is a classic EnglishTudor-style B&B that has been in business for over 35 years. The Inn features 6 guest rooms, each with aprivate bath, gas fireplace, and jacuzzitub. The rooms are tastefully decoratedand offer every modern amenity. In addition to the suites, the private owner’s/staff quarters include 2 bedrooms, 1bath, kitchen, and living space. The 1.02 acre lot has landscaped grounds, courtyard with gazebo, and majestic towering trees. Updated in 2018 and 2020, with a new roof, insulation, beds, mattresses, appliances, and hot water heater. Property features a heated 12+ car garage, 2 car maintenance garage, and guest parking.

The B&B has an occupancy rate of 72.6% with over $244,000 in annual revenues and just over $100,000 in net operating income. The property is being sold turnkey, with training. Effective marketing plan and staff already in place. New responsive website that features a state-of-the-art booking engine and retail shop. Extremely high guestratings on multiple travel agency websites.

Highlights

Motivated Seller!
Turnkey business with training
6 Guest rooms each with fireplace & jacuzzi
Established cash flowing B&B

Property Flyers

Amenities

  • Bed & Breakfast

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes
Jerry Vlaminck 612-363-7456 HSC Business Brokers
Jerry Vlaminck 612-363-7456 HSC Business Brokers