990 Maple Street
Russell Springs, KY, 42642 $ 1,899,000
Bedrooms-- Baths-- Sq 19,960 Monthly Estimate*
$ 13,116
for $1,899,000. This 19,960 square foot building was built in 1989 on a lot size of 2.31.
HUGE INVESTMENT OPPORTUNITY | LAKER INN - RUSSELL SPRINGS, KY | LAKE CUMBERLAND AREA Position yourself for opportunity with the chance to own one of the few motels serving the Russell Springs and Lake Cumberland area! Currently operating as Laker Inn, this 54-room motel offers an exceptional opportunity for investors, hospitality operators, or entrepreneurs looking to capitalize on a strategic location near Lake Cumberland, one of Kentucky's most popular recreational destinations. Conveniently located adjacent to Russell County Hospital and just minutes from local dining, shopping, and everyday amenities, this property offers the accessibility travelers appreciate. With easy boat parking and convenient access to the Cumberland Parkway, South Highway 127, and the surrounding Lake Cumberland region, the location is well-positioned to serve tourists, lake visitors, business travelers, and guests visiting the area year-round. The motel's immediate proximity to Russell County Hospital provides an additional opportunity to serve hospital-related travelers, including families and loved ones seeking convenient overnight accommodations while visiting patients, as well as other medical-related visitors. The motel features 54 guest rooms, most of which have been remodeled, along with an inviting in-ground swimming pool that adds to the property's recreational appeal. Whether welcoming summer lake-goers, families, traveling professionals, or visitors exploring everything the Lake Cumberland area has to offer, this property presents an exciting opportunity to establish or expand a hospitality investment in a market with limited motel options. Adding even more potential to this offering is an additional 0.412-acre lot with frontage on South Highway 127. This valuable parcel could provide additional parking to accommodate motel guests and boat trailers or offer the possibility of future development or a separate sale, subject to applicable zoning, approvals, and buyer verification. The combined property consists of approximately 2.312 acres, to be confirmed by the buyer, offering room to explore future improvements, operational enhancements, and additional investment strategies. The possibilities are substantial! Continue operating the motel, explore opportunities to enhance the guest experience, or investigate the potential of the additional highway-frontage parcel. With 54 rooms, an in-ground pool, a convenient location near the hospital and local amenities, and easy access to Lake Cumberland, this is a rare opportunity to acquire a hospitality property in a highly desirable regional destination. Opportunities like this don't come along every day! Bring your vision and explore the potential of Laker Inn in Russell Springs, Kentucky—your opportunity to invest in the gateway to Lake Cumberland! Buyer to verify acreage, room count, property boundaries, zoning, permitted uses, development potential, utilities, and all information deemed important to the purchase.
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FeaturesGeneralHeating Heat Pump Other
Cooling Heat Pump Other
Possession Negotiable
Roof Metal
Zoning C-1
Year Built 1989
Property Subtype Hotel/Motel
Parcel Number 032-90-04-003.00
Business Type Hotel/Motel
County Russell
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Downtown
Building Features Laundry Facilities
Status Active
Directions From Somerset take KY-80 West toward Russell Springs. Turn onto US-127 North then follow local roads to Maple St. This property is located behind Arbys in Russell Springs.
City Russell Springs
MLS Area 046 - Russell County
Lot Size Units Acres
Lot Size Square Feet 100710.72
Land Lease Y/N N
MLS Area Minor 046 - Russell County
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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ExteriorParking Features Open Paved
Lot Size Area 2.31
Number of Buildings 1
Building Area Total 19960.0
Lot Size Acres 2.31
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Heat Pump True
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* Excluded FeaturesList ByLake Cumberland Real Estate ProfessionalsBroker
Affordability Calculator
- Monthly Principal & Interest
- $13,116
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Russell Springs, KY
Average List Price $571,750
Percent of Sale Price 70%
About Russell Springs, KY 2,875 Population
15% Since 2002
$ 28,871 Median Income
40.25 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/20/2026 | $1,899,000 | | Listed Price |