Property Manager · Las Vegas, NV · Member since 2010 · 10 posts · 3 votes
I’m looking for someone who is interested in a 100,000 square building to convert into a hotel in Kentucky.. structurally sound and built like a tank from 1937. Formally a high school with cafeteria, gym and elevator. Red brick building, solid floors and walls.
The cost of the building is zero.. but the rehab/remodel about $1m.
No local zoning or permits… I just left the mayors house with his blessings and this could be turned into a 60 room units with 20 commercial units or any combination thereof..
if you know anyone wanting to get into the motel/hotel business or an interested developer into flipping, give me a shout. Pass my number on to call or text.. 606-795-0459
Property Manager · Las Vegas, NV · Member since 2010 · 10 posts · 3 votes
3y
Hey Sean,
the building is structurally sound, 2 to 3 feet room below and àbove the floors and ceiling to run plumbing and electrical..located in the tallest mountains of Kentucky next to the biggest atv park in kentucky with a zip line. Atvs are permitted by law to ride on the public streets. And yes, it may take from 1M to 5M to rehab depending on how one does it...and yes..it is free if there is a commitment to rehab it..although there is a caveat...the non profit group that owns it wants a perpetual 3% residual tax from every rental. The non profit group located here in this appalachian town supports the local community in education and recreation.