Silt Commercial Property

1200 Main Street, Silt

 Red_River_Inn_003
Listed at $2,500,000.00
Location: Silt
Type: Commercial
MLS: 154939
Sq Ft: 17880
Acres: 1.69
$139.82 per square foot
Built in 1981

Here's the deal. Owner will carry. This hotel has 47 rooms that can rent for an average of $65.00 per day - 70% of the year. Do the math You'll need 6 employees. 3 on the desk. 2 housekeepers and 1 maintenance person. There will be a need to have a contingency fund for misc stuff that pops up. Now, If you can't run a hotel based on that, you should not be in the hospitality industry. Past performance of this hotel is great. It will be up to you to keep it up. You will either succeed or fail. No financial report is going to change that. If you would like to talk about it more, call me. This is a great opportunity for someone to purchase a 6-figure job and open themselves up to tremendous opportunities that the hospitality industry can offer.
Listing information courtesy of Coldwell Banker Mason Morse

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