54 West Main Street, Vernal, UT
Motel for Sale - 18,059 Sq. Ft.
Property Info
| CIMLS# | 948540 |
| Location 54 West Main Street Vernal UT 84078 | |
| Updated | April 2nd, 2019 |
| Type | Motel |
| Price | Upon Request |
| Building | 18,059 Sq. Ft. |
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%