423 W Main St - Hospitality FOR SALE


Vernal, UT 84078
$3,180,000 USD
801-674-3625
423 W Main St, Vernal, UT for Sale
$3,180,000 USD
Hospitality - FOR SALE
1/53
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423 W Main St
Vernal, UT 84078


OVERVIEW

Antlers Inn in Vernal, Utah, offers a prime investment opportunity with 44 guest rooms on 1.3 acres along Main Street. The property features modern amenities, a seasonal outdoor pool, an indoor hot tub, a business center, and a fitness facility. It will have a "soft branding" affiliation with Choice Hotels-EconoLodge, including $240,000 in key money and minimal PIP requirements. Approved RAMP grant for solar panels. Additional highlights include a $99,000 REMP Grant for solar panels and zoning that allows a 40% Vernal City reimbursement for exterior improvements up to $100,000. With no new hotel construction in the pipeline and a 4-star TripAdvisor rating.

FOR SALE DETAILS

PRICE

$3,180,000 USD

PRICE/SF

$143 USD /SF

# OF ROOMS

44

PRICE/ROOM

$72,273 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Antlers Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1953

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,432 SF

ZONING

CC1

APN/PARCEL ID

05-027-0021,05-027-0022

ASK ABOUT THIS PROPERTY

Trent BrightKW South Valley Keller WilliamsMore Info
801-674-3625

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Trent BrightKW South Valley Keller WilliamsMore Info
801-674-3625

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