118 S 300 W - Hospitality FOR SALE


Heber City, UT 84032
$3,249,000 USD
435-654-5478
118 S 300 W, Heber City, UT for Sale
$3,249,000 USD
Hospitality - FOR SALE
1/113
null | Request Cap Rate

118 S 300 W
Heber City, UT 84032


HIGHLIGHTS

  • Outstanding B&B in a historic home with vintage furnishings!
  • 2023 Best of State winner.
  • Live where you work to save on costs and have your dream job!

OVERVIEW

This historic Heber Valley icon is now for sale! A labor of love to restore and meticulously maintained, this Heber Valley jewel is magnificent!! Lightly remodeled with many features intact from a previous era: hand-stenciled ceilings, clawfoot tubs, hardwood flooring and a stunning original fireplace. The renovations updated the plumbing/electrical and added fire sprinklers, fire escape, ADA ramp/room and ensured every guest room was ensuite. All additions are meant to reflect the decor of the era with vintage-look wallpaper, lighting/chandeliers, trim/wainscoting and antiques. Super clean and comfortable, the property includes 10 rentable ensuite rooms and a caretaker's suite. With the Heber Valley being a 4-season destination, The Heber Senator B&B realizes high occupancy throughout the year and is accessible on multiple booking sites including Expedia, Hotels.com, Booking.com, AirBnB and many more. Check out the Google reviews! Come live what many people consider a dream job of owning a B&B. The clientele is always happy as they are often celebrating a birthday, anniversary or honeymoon! Take a virtual 3D tour of the entire house similar to Google maps at hebersenatorbedandbreakfast.com under the Our Rooms and Suites tab. All furniture, art, linens, appliances, kitchen setup included minus some sentimental pieces - just add guests! The location is close to abundant year-round outdoor activities including 4 world-class ski resorts, The Heber Valley Train, the Homestead Crater, Sundance Film Festival, Swiss Days, 108 championship holes of golf, blue-ribbon fishing, hiking, biking and snowmobiling, to name a few. Ten minutes to Deer Valley Gondola, 25 min to Park City and Provo, 45 to SLC airport and walking distance to downtown Heber. You can own a piece of history, live in Heber Valley and have a dream job with this is a once-in-a-lifetime opportunity! Prime investment property can be run as a B&B to take advantage of the Deer Valley East Village ski resort opening December 2024. Well-vetted staff will remain. Plenty of 5-star reviews on meals and housekeeping. Property also won Best of State in 2023. Flexible uses--change the purpose of the building to your needs. This is a value add proposal - to improve the cap rate, you could streamline the staff and raise the room rates to a higher market value. Or make it a hotel with lower room rates and don't offer breakfast to capture more guests. Or live there as the manager giving you a place to live and you decide whether to offer breakfast or not.

FOR SALE DETAILS

PRICE

$3,249,000 USD

PRICE/SF

$388 USD /SF

# OF ROOMS

10

PRICE/ROOM

$324,900 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heber Senator Bed and Breakfast

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1902

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

CR

APN/PARCEL ID

00-0004-7139

ASK ABOUT THIS PROPERTY

Paige DouglasRealtyPath LLCMore Info
435-654-5478

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Paige DouglasRealtyPath LLCMore Info
435-654-5478

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.