5531 Athens Boonesboro, Lexington, KY 40509

$2,400,000

Property Type: Commercial Sale Lot Size (sq. ft.): 86,249 Status: Closed

Current Price: $2,400,000 List Date: 9/09/2021 Last Modified: 9/03/2025

Overview

Description

Attention Investors, Comfort inn with 59 well appointed guest suites offered for sale. This popular motel is close to Exit-104 of Interstate 75 and convenient to all that Lexington has to offer including and not limited to Wildcat football/basketball games, Keenland, Kentucky horse park and many more attractions. The motel has been tastefully renovated to Choice hotel standards making it one of the desirable in the area.

Listing Details MLS# 20100730

Listing Information

Property Sub Type: Hotel/Motel

Status Change Information

Status Change Timestamp: 2022-03-17
Purchase Contract Date: 2021-09-18
Close Date: 2022-03-17
Close Price: 2400000
Buyer Financing: Conventional
Sale Type: Arms Length Sale

Address

County: Fayette
Street Number: 5531
Street Name: Athens Boonesboro
State: KY
Zip Code: 40509
Parcel Number: 38239360

Contract

Original List Price: 2650000
Start Showing Date: 2021-01-14
Listing Contract Date: 2021-01-14
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
SP/LP: 0.91

Tax Legal

MLS Area Major: 003 - Fayette County SE
Subdivision Name: Commercial

Parking Information

Parking Total: 56

More Information

Building

Basement YN: Yes
Year Built: 1995
Stories Total: 2

Lot

Lot Size Acres: 1.98
Lot Size Square Feet: 86248.88

Utilities

Cooling YN: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Available: Yes
Water Connected: Yes

Remarks

Public Remarks: Attention Investors, Comfort inn with 59 well appointed guest suites offered for sale. This popular motel is close to Exit-104 of Interstate 75 and convenient to all that Lexington has to offer including and not limited to Wildcat football/basketball games, Keenland, Kentucky horse park and many more attractions. The motel has been tastefully renovated to Choice hotel standards making it one of the desirable in the area.

Showing Information

Showing Instructions: Please call Michael D'Souza 859-954-0904 for all showing arrangements.

Tax & Legal

Tax Rate: 1.1
Zoning Description: B-5P - INTERCHANGE BUSINESS
Directions: From I-75 Exit 104, turn right on Athens Boonesboro Road, destination on the left.

Construction Materials

Block: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

Roof

Flat: Yes

Security Features

Fire Sprinkler System: Yes

Sewer

Septic Tank: Yes

Special Listing Conditions

Standard: Yes

Building Features

Elevator(s): Yes
Partially Carpeted: Yes
Tile/Brick Floor: Yes

Business Type

Hotel/Motel: Yes
Recreation: Yes

Ceiling

Other: Yes

Electric

3 Phase: Yes

Sale Includes

Building(s): Yes
Business: Yes
Equipment: Yes
Fixtures: Yes
Furniture: Yes
Inventory: Yes
Land: Yes
Licenses: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Phone Available; Water Connected; Electricity Connected; Natural Gas Connected; Phone Available; Water Connected Building Features: Elevator(s); Partially Carpeted; Tile/Brick Floor Business Type: Hotel/Motel; Recreation Ceiling: Other Construction Materials: Block Electric: 3 Phase Listing Terms: Cash; Conventional Possession: Close Of Escrow Roof: Flat Sale Includes: Building(s); Business; Equipment; Fixtures; Furniture; Inventory; Land; Licenses Security Features: Fire Sprinkler System Sewer: Septic Tank Special Listing Conditions: Standard

Listing Office: United Real Estate Bluegrass

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.