Hotel & Motel, Bed & Breakfast - Nashville, IN
The property is adjacent to Story Inn in Nashville, Indiana, and includes 5.79 acres of beautiful wooded land. The fourplex, constructed in 2011, is currently managed by the Story Inn which allows the owner's role to be more passive. The last reported cap rate was 7.25%, and there is upside potential because there are adequate utilities to construct additional buildings. The building is situated near the top of a hill and overlooks woods, the restaurant area, and a large event barn area. The rooms feature quality construction and are well appointed--most of the furnishings will be included in the sale. The accommodations can be enjoyed all year round. Each room offers a warm perch from which guests can observe the serenity of nature in the winter or the brilliant colors in the fall, and each provides a comfortable place to stay after recreational activities in nearby Brown County State Park, shopping in Nashville, enjoying a lovely dinner at the restaurant in the Story Inn, or after attending a wedding, concert, or festival in the event barn located steps away from the property. The Story Inn truly offers "One Charmingly Memorable Experience."
Would you like more information regarding this property?
Please call (812) 389-5555.
Data Provided by:
Bloomington MLS, Inc.