1424 W Pine St - Hospitality FOR SALE


Pinedale, WY 82941
$4,500,000 USD
801-948-3783
1424 W Pine St, Pinedale, WY for Sale
$4,500,000 USD
Hospitality - FOR SALE
1/59
null | 11.71% Cap Rate

1424 W Pine St
Pinedale, WY 82941


HIGHLIGHTS

  • 82 Key Hotel
  • Pool
  • Extended Stay Suites
  • Restaurant Lease
  • Spa

OVERVIEW

***Second Price Reduction!*** Peak Collective Real Estate with KW Commercial is pleased to present for sale the Pinedale Hotel & Suites at 1424 W Pine St, Pinedale WY. The Pinedale Hotel is a 82-key interior corridor hotel. The building is 42,693 SF and is on 2.31 AC of land. The hotel was built in 2005 and features a heated indoor pool, hot tub, continental breakfast area, fitness center, business center, on-site spa and more. The property also has a 5-year lease for 1,057 square feet of restaurant space until 2029 that is 40% of the restaurants net revenue. The restaurant recently acquired a liquor license that will only further bolster the return on investment for the space. The hotel's strategic location, combined with the fact that its one of the only hotels in the area with a restaurant, is likely to attract a steady influx of guests throughout the year, especially during the summer months. Moreover, the ability to host extended stay tenants and provide long-term lodging helps ensure favorable returns on investment for its owners.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$105 USD /SF

# OF ROOMS

82

PRICE/ROOM

$54,878 {currency}

CAP RATE

11.71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pinedale Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2005

PARKING SPACES

122

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,624 SF

ZONING

C-1

APN/PARCEL ID

02-00-10902

ASK ABOUT THIS PROPERTY

Kody WattsKeller Williams Realty Western TrailsMore Info
801-948-3783

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

Kody WattsKeller Williams Realty Western TrailsMore Info
801-948-3783

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