Located along a prime travel route to Texas, McAlester is poised for growth and expansion. There are new press releases almost daily about developments bringing jobs to the area. This property is situated in the heart of the South McAlester retail/high traffic corridor that features a Walmart Supercenter, Harbor Freight, Lowes, McDonalds, Arby's, Wendy's, Subway and much more. McAlester boasts a planned Amazon delivery station, the McAlester Army Ammunitions Plant, Kiamichi Technical Center, and many locally owned businesses and restaurants; there is also a Choctaw Casino. Prime location! The bypass exit off 69-S is located directly at their site; they are the FIRST business at the exit. Seller acquired this property in 1994, lives on site with his family, and developed and expanded the improvements over the years.
There are many options to repurpose the existing building and add more on this large tract of land; a nearby Motel 6 built apartments behind that lodging, and it filled with tenants immediately. Renovate rooms to serve as longer term rental suites, veteran's housing, rehab facility, temporary workforce/construction housing.
All public utilities - water, electricity, natural gas on site. Consider the possibilities for this offering: 4 buildings, 61,470 SF on 4.8 acres.
-
Original c 1960 motel, expanded to 82 rooms, with 29 rooms on 2nd floor, and 13 kitchen suites plus a 2- level, 4,500+ SF owner's quarters with 7 bedrooms, 4 full and 2 half baths, kitchen, laundry, living room, office, exercise room/den.
-
Single story building with 34 rooms, laundry and office area.
-
2-story hotel building at the rear was built in 2002 has 17 kitchen/bedroom suites.
-
Restaurant building, originally Pizza Inn. Separate utilities. Currently leased for $4,500/mo. Tenant wants to stay but agreed to month to month lease for maximum buyer flexibility. Furniture, fixtures and equipment convey via separate bill of sale.
Number of Rooms: 137 Units
Room Sizes:
Two Room Suites - 22W X 30L = 660 SF - 16 Units
Two Room Suites with Kitchen - 19W X 34 L = 646SF - 14 Units
One and two beds Units - 14W X 30L = 420 SF - 107 Units
McAlester/surrounding area has the following businesses:
Oil/gas business
Ammunition plant
Lake Eufaula
OK state penitentiary
Industrial park
Renovation:
Front building:
Ground and 2nd floor
57 rooms
Middle building:
Ground floor only; front and back
34 rooms
Mountainside building:
16 rooms with a kitchen and a living area
All the above buildings have good roofing with minor repairs.
Large parking area with minor repair work.
Northside building:
Two story
16 rooms
Needs new roof: approx 240ft x 35ft
Studio Suites:
Kitchen/Living Area/Bed
13 rooms
If someone wants to add, 13 studio suites can be added to the second floor
The large truck parking area is in good condition.
Property taxes: $33,426.88 (both tax parcels, all buildings)
Liability & Property Insurance: $22,400.00
Zoning C-5 Public water, sewer, gas, electric on site
Note: McAlester is located on Native Indian Land; tax and development incentives could be available for Native-owned businesses.