PT6 Motel

For Sale

4201 U.S. 41, Evansville, IN 47711

This Evansville property for sale is located at 4201 U.S. 41. The current listed sale price for PT6 Motel is $2,400,000. PT6 Motel is situated on a lot that is 2.32 acre in size.

Contacts

broker
Scott Edmond

NAI Prime Commercial

Property Details

  • Property Type Other
  • Property Size 25,080 SF
  • Units 102
  • Lot Size 2.32 Acre
  • Year Built 1973
  • Date Updated Jan 23, 2025
Strategically located near the regional airport along a major highway on the north side of Evansville, IN, this area has experienced substantial redevelopment over the past 24 months. Directly to the south, a prominent mixed-use shopping center now features a newly opened restaurant, fitness club, and indoor shooting range. Additionally, the former Clarion Inn at the Lynch Road intersection is undergoing an extensive renovation and transformation into residential apartments.This 102-unit motel, located near the regional airport, has been operated by the current owner since 2010 under various names, including Motel 6 (until approximately 2020), Motel 41, and its current name, PT6 Motel. The property features masonry block wall construction typical of its era, with uniformly sized rooms offering single or double bed configurations. Nearly all rooms have been updated by the owner with new paint, flooring, and finishes in alignment with the branding standards of several major economy hotel franchises, providing flexibility for future rebranding opportunities. Heating and cooling are managed by PTAC units, the majority of which have been replaced within the last five years. Nine units have been converted into a master apartment where the owner resides. The property includes a small on-site office and laundry facilities, enhancing operational convenience. Seller built a 60'x20' building designed for self storage on the north end of the property that they use for business storage but could be a source of additional rental income.
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Highlights

  • High unit count
  • Close to demand drivers
  • Located in improving area
  • Value add opportunity through rebranding with national flag

Getting around

  • 18/100

    Walk Score ®

  • 29/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Evansville, IN
  • Zip Code 47711

Points of Interest

  • Circle K

    0.26 miles

  • Shell

    1.52 miles

  • Thorntons

    2.09 miles

  • Walmart

    2.25 miles

  • Meijer

    2.71 miles

  • Casey's General Store

    4.19 miles

  • Chuckle's

    4.35 miles

  • Sam's Club

    4.36 miles

  • Tesla Supercharger

    9.85 miles

  • Fire Dept Parking

    8.63 miles

  • School Parking

    8.68 miles

  • Church Parking

    8.68 miles

  • Motel 6 Evansville, IN

    0.01 miles

  • Comfort Inn & Suites Evansville

    0.34 miles

  • Econo Lodge Evansville

    1.05 miles

  • Hampton Inn Evansville/Airport

    1.13 miles

  • Deluxe Inn

    1.39 miles

  • Arrowhead Lodge

    1.53 miles

  • Royal Inn

    1.59 miles

  • Esquire Inn-Evansville

    1.63 miles

  • Sunset Motel

    1.76 miles

  • Super 8 by Wyndham Evansville East

    2.89 miles

  • Schnucks

    2.10 miles

  • Target

    2.10 miles

  • Walmart Neighborhood Market

    2.30 miles

  • Meijer

    2.62 miles

  • AIHUA International Market

    3.00 miles

  • Macy's

    3.18 miles

  • Dillard's

    3.20 miles

  • Eastland Mall

    3.21 miles

  • JCPenney

    3.36 miles

  • Burlington

    3.81 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Scott Edmond

NAI Prime Commercial

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