Main Street Inn Bed & Breakfast $575,000

Beautifully restored 2nd Empire French building built in 1882 as the Meyer Hotel. Now operating as one of the area's most popular B&Bs in the oldest town in Missouri. Extensive herb and perennial gardens add to the charm of the property. Attached is a small art studio/gallery which may be rented independently as a shop or cafe. Outbuildings include a brick garden shed (formerly a smokehouse/chicken coop).
Eight guestrooms have ensuite bathroom, an additional full bath is in the spacious owners' quarters, and there are 3 half baths. Three rooms have two person whirlpool tubs in addition to the bathrooms. Completely renovated in 1991-93. The main kitchen, licensed as a restaurant, has custom walnut cabinetry, AGA stove, and Hobart commercial dishwasher. Commercial laundry equipment is installed in the large stone basement. Two parlors and one guestroom have gas log fireplaces. A woodburning fireplace is in the old summer kitchen. All systems were installed new at time of renovation. HVAC system is geothermal.
The property is being offered as a turnkey B&B. All furnishings essential to the business go with the sale. The grand piano and owners' personal items are excluded. The owners are planning to retire out of state and are very interested in selling. Training in B&B management will be offered to the new owners if requested. A sale minus the furnishings could be negotiated. A $5000 finder's fee will be awarded at closing if sale is completed on or before November 30, 2011.

Details

  • Built in 1882
  • 15 years as B&B
  • Last renovation in 1993
  • For Sale By Owner
  • 8 Guest Rooms
  • 3 Parking Spots
  • Has owner's quarters
  • $575,000
  • For Sale By Owner
  • 40% annual. occ. rate
  • $118.00 avg daily rate
  • $100,000 gross revenue
  • $100,000 room revenue

Listing Agent

Ken & Karen Kulberg
221 North Main Street
Sainte Genevieve, 63670
Phone: 8839199
 email: info@mainstreetinnbb.com

Location

221 North Main Street PO Box 307 Sainte Genevieve, MO 63670

Photos (click to enlarge)

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