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$ 1,899,000
19,960 SqFt
$ 1,899,000
19,960 SqFt
Key Details
Property Type Vacant Land
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 19,960 sqft
Price per Sqft $95
Subdivision Downtown
MLS Listing ID 26028998
Year Built 1989
Lot Size 2.312 Acres
Acres 2.31
Property Sub-Type Hotel/Motel
Property Description
HUGE INVESTMENT OPPORTUNITY | LAKER INN - RUSSELL SPRINGS, KY | LAKE CUMBERLAND AREA Position yourself for opportunity with the chance to own one of the few motels serving the Russell Springs and Lake Cumberland area! Currently operating as Laker Inn, this 54-room motel offers an exceptional opportunity for investors, hospitality operators, or entrepreneurs looking to capitalize on a strategic location near Lake Cumberland, one of Kentucky's most popular recreational destinations. Conveniently located adjacent to Russell County Hospital and just minutes from local dining, shopping, and everyday amenities, this property offers the accessibility travelers appreciate. With easy boat parking and convenient access to the Cumberland Parkway, South Highway 127, and the surrounding Lake Cumberland region, the location is well-positioned to serve tourists, lake visitors, business travelers, and guests visiting the area year-round. The motel's immediate proximity to Russell County Hospital provides an additional opportunity to serve hospital-related travelers, including families and loved ones seeking convenient overnight accommodations while visiting patients, as well as other medical-related visitors. The motel features 54 guest rooms, most of which have been remodeled, along with an inviting in-ground swimming pool that adds to the property's recreational appeal. Whether welcoming summer lake-goers, families, traveling professionals, or visitors exploring everything the Lake Cumberland area has to offer, this property presents an exciting opportunity to establish or expand a hospitality investment in a market with limited motel options. Adding even more potential to this offering is an additional 0.412-acre lot with frontage on South Highway 127. This valuable parcel could provide additional parking to accommodate motel guests and boat trailers or offer the possibility of future development or a separate sale, subject to applicable zoning, approvals, and buyer verification. The combined property consists of approximately 2.312 acres, to be confirmed by the buyer, offering room to explore future improvements, operational enhancements, and additional investment strategies. The possibilities are substantial! Continue operating the motel, explore opportunities to enhance the guest experience, or investigate the potential of the additional highway-frontage parcel. With 54 rooms, an in-ground pool, a convenient location near the hospital and local amenities, and easy access to Lake Cumberland, this is a rare opportunity to acquire a hospitality property in a highly desirable regional destination. Opportunities like this don't come along every day! Bring your vision and explore the potential of Laker Inn in Russell Springs, Kentucky—your opportunity to invest in the gateway to Lake Cumberland! Buyer to verify acreage, room count, property boundaries, zoning, permitted uses, development potential, utilities, and all information deemed important to the purchase.
Location
State KY
County Russell
Zoning C-1
Interior
Heating Heat Pump, Other
Cooling Heat Pump, Other
Exterior
Parking Features Open, Paved
View Y/N N
Roof Type Metal
Handicap Access No
Private Pool No
Listed by Lake Cumberland Real Estate Professionals