54 West Main Street, Vernal, UT

Motel for Sale - 18,059 Sq. Ft.


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Agent Info

NameWest Haradin

Property Info

CIMLS #948540
Location54 West Main Street
Vernal UT 84078
Last UpdatedOctober 2nd, 2018
TypeMotel
PriceUndisclosed
Building18,059 Sq. Ft.
DemographicsView data

Attached Documents


Contact


Property Description

- Motel with Restaurant for Sale

- Motel: 13,724 SF

- Restaurant: 4,335 SF

Average Lease at $2,700/Month

- Retail Shop: Lease for $1,500/Month

- 26 Newly Renovated Rooms

- 0.68 Acres

- Main Street Frontage

- Located Near Ashley Regional Medical Center

- Ample Parking: 45 Spaces

AVERAGE NOI: $110,000.00

12% CAP RATE

SALE PRICE: $900,000.00

For more information on this property, please contact Sam Christensen and Cory Martin at 801.617.1700 or by email at sam.christensen@crcnationwide.com, cory.martin@crcnationwide.com. Sam and Cory are licensed real estate agents in the state of Utah and are affiliated with cRc Nationwide Real Estate Brokerage


Financials

AVERAGE NOI: $110,000.00

12% CAP RATE

SALE PRICE: $900,000.00

Sale Price Including Retail Smoke Shop: $950,000.00

NOI: $190,000.00

CAP Rate: 19%


Location & Street View