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84 Beds
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Bedrooms 84
Property Description
HIGHLIGHTS
This conversion opportunity features an 84-room former hotel at 2340 Irish Lane in Knob Noster, MO—strategically positioned between Whiteman Air Force Base and the University of Central Missouri. Previously an Americas Best Value Inn, the property offers a flexible layout, existing infrastructure, and a cost basis far below replacement, making it ideal for adaptive reuse in a supply-constrained market.
Located just minutes from Whiteman AFB, the asset benefits from continuous demand driven by thousands of active-duty personnel, civilian staff, and contractors who require long-term lodging and per-diem accommodations. Government solicitations for overflow lodging highlight ongoing need for extended-stay, weekly, and contract-based housing.
Only fifteen minutes away, the University of Central Missouri enrolls 12,788 students across undergraduate and graduate programs. This creates consistent demand for student, faculty, and program housing. With limited modern rental options in the region, a conversion project of this scale is well positioned to capture stable occupancy throughout the year.
Knob Noster's market fundamentals further strengthen the case for redevelopment. The city's median household income has grown 21.5% year-over-year, population trends remain positive, and new hotel or multifamily development has been minimal. Combined with a low cost of living and rising rental rates in Johnson County, the area provides a favorable environment for a value-add repositioning targeting residents, students, workforce tenants, and contractors.
CONVERSION PATHWAYS
The property supports several profitable redevelopment directions. Extended-stay or workforce lodging is a natural fit due to continuous demand from military personnel and contractors, offering high weekday occupancy and predictable cash flow. Student or faculty housing tied to UCM is another strong use, with potential to convert the building into 70–80 furnished micro-units that meet academic housing needs in a market short on modern supply.
The asset can also be repositioned as workforce or affordable multifamily, serving long-term renters employed by the base, the regional hospital system, logistics employers, and service industries. Its existing room structure makes a multifamily transition cost-efficient while delivering stable, long-term revenue.
Medical and outpatient clinic use is equally viable. The configuration suits physical therapy, mental health services, specialty care, urgent care, or veteran-focused clinics. Proximity to Western Missouri Medical Center and the significant healthcare needs of the military community support medical tenancy with long-term leases.
Senior living or assisted living adaptation is another high-value pathway. The layout aligns well with independent living, assisted living, or memory care models. With national momentum behind hotel-to-senior-living conversions and a growing senior population in the region.
This conversion opportunity features an 84-room former hotel at 2340 Irish Lane in Knob Noster, MO—strategically positioned between Whiteman Air Force Base and the University of Central Missouri. Previously an Americas Best Value Inn, the property offers a flexible layout, existing infrastructure, and a cost basis far below replacement, making it ideal for adaptive reuse in a supply-constrained market.
Located just minutes from Whiteman AFB, the asset benefits from continuous demand driven by thousands of active-duty personnel, civilian staff, and contractors who require long-term lodging and per-diem accommodations. Government solicitations for overflow lodging highlight ongoing need for extended-stay, weekly, and contract-based housing.
Only fifteen minutes away, the University of Central Missouri enrolls 12,788 students across undergraduate and graduate programs. This creates consistent demand for student, faculty, and program housing. With limited modern rental options in the region, a conversion project of this scale is well positioned to capture stable occupancy throughout the year.
Knob Noster's market fundamentals further strengthen the case for redevelopment. The city's median household income has grown 21.5% year-over-year, population trends remain positive, and new hotel or multifamily development has been minimal. Combined with a low cost of living and rising rental rates in Johnson County, the area provides a favorable environment for a value-add repositioning targeting residents, students, workforce tenants, and contractors.
CONVERSION PATHWAYS
The property supports several profitable redevelopment directions. Extended-stay or workforce lodging is a natural fit due to continuous demand from military personnel and contractors, offering high weekday occupancy and predictable cash flow. Student or faculty housing tied to UCM is another strong use, with potential to convert the building into 70–80 furnished micro-units that meet academic housing needs in a market short on modern supply.
The asset can also be repositioned as workforce or affordable multifamily, serving long-term renters employed by the base, the regional hospital system, logistics employers, and service industries. Its existing room structure makes a multifamily transition cost-efficient while delivering stable, long-term revenue.
Medical and outpatient clinic use is equally viable. The configuration suits physical therapy, mental health services, specialty care, urgent care, or veteran-focused clinics. Proximity to Western Missouri Medical Center and the significant healthcare needs of the military community support medical tenancy with long-term leases.
Senior living or assisted living adaptation is another high-value pathway. The layout aligns well with independent living, assisted living, or memory care models. With national momentum behind hotel-to-senior-living conversions and a growing senior population in the region.
Location
State MO
County Johnson
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Listed by Dharam Chaudhari • Reco Real Estate Advisors | KW Realty Partners
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Dharam Chaudhari
FOUNDER | CEO | License ID: MO- 2022001250
FOUNDER | CEO License ID: MO- 2022001250