520 N Moapa Valley Blvd - Hospitality FOR SALE


Overton, NV 89040
$4,800,000 USD
818-851-3315
520 N Moapa Valley Blvd, Overton, NV for Sale
$4,800,000 USD
Hospitality - FOR SALE
1/6
null | 10.86% Cap Rate

520 N Moapa Valley Blvd
Overton, NV 89040


HIGHLIGHTS

  • 43 Rooms, Interior Corridor, 1 Hour From Las Vegas
  • High Cash-Flowing Investment: 2024 Net Income $521,498 (10.9% Capitalization Rate)
  • Popular Leisure Demand Generators Nearby: Lake Mead National Recreation Area (6.4M Visitors), Valley of Fire State Park (760,000 Visitors)
  • Average Daily Rate Over $100
  • Low Operating Costs: No Franchise Fees, No Franchise PIP Requirements, Minimal Staffing Needs
  • Manager's Apartment Available

OVERVIEW

The North Shore Inn is a high cash-flowing hotel investment. Located 1 hour from Las Vegas, the hotel benefits from several popular leisure demand generators nearby. Lake Mead National Recreation Area brings over 6.4 million visitors and ranks as the 9th most visited National Park Area in the country. Also nearby is Valley of Fire State Park known for its unique red sandstone formations, drawing over 760,000 visitors to the area. The North Shore Inn benefits from limited competition in the area and commands a strong Average Daily Rate over $100. The business has low operating costs with no franchise fees or franchise PIP requirements, and with 43 rooms it is a manageable-sized operation with modest staffing needs. The hotel also includes a manager's apartment, allowing for efficient onsite management. Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$207 USD /SF

# OF ROOMS

43

PRICE/ROOM

$111,628 {currency}

CAP RATE

10.86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

North Shore Inn at Lake Mead

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

80

LAND DETAILS

LAND ACRES

3.07 AC

LAND SF

133,729 SF

ZONING

C-2, County

APN/PARCEL ID

070-12-401-005

ASK ABOUT THIS PROPERTY

Oliver CooperAmber Hotel CompanyMore Info
818-851-3315

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Oliver CooperAmber Hotel CompanyMore Info
818-851-3315

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