2523 UT-24 - Hospitality FOR SALE


Torrey, UT 84775
$5,800,000 USD
435-425-3200
2523 UT-24, Torrey, UT for Sale
$5,800,000 USD
Hospitality - FOR SALE
1/29
null | 6.48% Cap Rate

2523 UT-24
Torrey, UT 84775


HIGHLIGHTS

  • Within a mile of the entrance to Capitol Reef National Park; outstanding views and location. An entire 10 acres with space for expansion.

OVERVIEW

The Rim Rock Inn and Restaurant, with its rich history, is part of the fabric of Torrey. Located close to the entrance of Capitol Reef National Park and near the heart of Torrey, it is gifted with amazing, inspirational views. The superb location attracts customers from every state and every country. Only 3% of Wayne County is private land, thus making this huge space of ten acres on Highway 24, in close proximity to the National Park, extremely valuable. While the business functions very well with the Inn, Restaurant, cabins and another restaurant, The Patio, the possibility for expansion is substantial. All the buildings and equipment are in good repair and have been consistently maintained. This is an excellent opportunity to purchase a thriving, turn-key business in an extremely beautiful tourist spot. There are 31 rooms, including newer cabins and a spacious suite above the Patio. The accommodations are available from April 1 to October 26 and have a 77% occupancy rate for the season. An attractive feature of the main building of the Inn is an office with an Innkeeper's apartment above. The restaurant with the fine dining menu, is well-liked by both local and tourist customers. The Patio is a more casual eating spot, with a huge outdoor space, making it possible to eat outside and enjoy the fabulous view. More detailed information and financial figures are available. Please email me, Cathy Bagley, at cathy@bouldermountainrealty.com, to request a complete packet.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$307 USD /SF

# OF ROOMS

31

PRICE/ROOM

$187,097 {currency}

CAP RATE

6.48%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rim Rock Inn & Restaurant

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1965

PARKING SPACES

81

LAND DETAILS

LAND ACRES

123.91 AC

LAND SF

5,397,520 SF

ZONING

Commercial

APN/PARCEL ID

02-0037-0846

ASK ABOUT THIS PROPERTY

Cathy BagleyBoulder Mountain RealtyMore Info
435-425-3200

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Cathy BagleyBoulder Mountain RealtyMore Info
435-425-3200

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