1399 Bench Rd - Hospitality FOR SALE


Pocatello, ID 83201
$9,800,000 USD
208-944-1620
1399 Bench Rd, Pocatello, ID for Sale
$9,800,000 USD
Hospitality - FOR SALE
1/18
null | 8.29% Cap Rate

1399 Bench Rd
Pocatello, ID 83201


HIGHLIGHTS

  • Recently renovated Grand Idaho Extended Stay is a 206-key hospitality opportunity in a prime Pocatello location, near regional attractions.
  • Income-producing property features strong cash flow, over $1 million in improvements such as the roof, HVAC, LED lighting, landscaping, and more.
  • Amenities include a full commercial kitchen, fitness center, Tesla chargers, guest laundry, and Pocatello’s largest hotel pool and event space.
  • Long-term weekly tenants fill 206 extended stay beds year-round, creating dependable revenue and a solid operational base for new ownership.
  • Approved for conversion to 125 veteran or multifamily units, with land available to split off, develop, or reposition for added investor upside.
  • Off Interstate 15 with unrivaled visibility to over 35,000 daily vehicles, minutes from the airport, Idaho State University, and top destinations.

OVERVIEW

The Grand Idaho Extended Stay at 1399 Bench Road presents a rare, high-upside opportunity in the heart of Pocatello’s growing hospitality market. This former Clarion Hotel has been transformed into a versatile, income-producing property featuring 198 guest rooms and 8 suites, with over 206 extended stay beds consistently occupied by long-term weekly tenants, providing dependable, year-round cash flow. The current owner has completed over $1 million in capital improvements over the past three years, including 90% of the roof being renovated, LED lighting upgrades, exterior stucco and landscaping improvements, new staircases, fiber internet enhancements, and PTAC heating/cooling systems. The rooms feature fully equipped kitchenettes, new beds and flooring, in-room televisions, and guest laundry. Amenities include a restaurant with a full commercial kitchen and dining area, Tesla charging stations, fitness center, expansive event space and meeting rooms, and the largest hotel pool in Pocatello. With city-approved plans to convert the property into 125 veteran or multifamily housing units and the potential to split off or develop a portion of the land, new owners will inherit a strong foundation and multiple paths for expansion. Strategically positioned just off Interstate 15, the property offers seamless access to regional infrastructure, including Pocatello Regional Airport within 10 miles and nearby transportation corridors connecting to Salt Lake City in under 2 hours, Yellowstone National Park, and Boise. Demand drivers to the area, like the Idaho Museum of Natural History, Idaho State University, and more, are less than 10 minutes away. The Grand Idaho Extended Stay enjoys high visibility to over 35,000 daily vehicles along Interstate 15, further enhancing its exposure and accessibility. As a tourism and university town, Pocatello attracts visitors year-round and sees its seasonal population expand to over 500,000 during peak travel months. In 2023, southern Idaho welcomed around 400,000 visitors, bringing nearly $20 million in tourism-related spending to surrounding communities. The property boasts the largest hotel event space in the area, meeting a significant demand in the market for group functions, business conferences, and social events. Grand Idaho Extended Stay stands as a turnkey investment with strong fundamentals and enormous potential. The current owner has done heavy lifting, transforming the asset into a clean, efficient operation. Making it an easy lift for a new investor ready to step in and leverage the site’s scale, location, and approvals. Whether operated as a revitalized extended stay/hotel hybrid, repositioned as multifamily housing, or developed into a destination event venue, 1399 Bench Road offers substantial upside in a dynamic and fast-growing market.

FOR SALE DETAILS

PRICE

$9,800,000 USD

PRICE/SF

$90 USD /SF

# OF ROOMS

206

PRICE/ROOM

$47,573 {currency}

CAP RATE

8.29%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Idaho Extended Stay

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.42 AC

LAND SF

366,775 SF

ZONING

C-2

APN/PARCEL ID

RPCPP011700

ASK ABOUT THIS PROPERTY

Jaxon PearlX Stay Properties, IncMore Info
208-944-1620

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Jaxon PearlX Stay Properties, IncMore Info
208-944-1620

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