227 N Hwy 89 - Hospitality FOR SALE


Hatch, UT 84735
$1,200,000 USD
801-361-9798
227 N Hwy 89, Hatch, UT for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/34
null | 12% Cap Rate

227 N Hwy 89
Hatch, UT 84735


HIGHLIGHTS

  • Between Bryce Canyon, and Zion National Park
  • Largest rooms in the area
  • Located on busy Highway 89

OVERVIEW

Beautifully-kept 20-room motel located on Highway 89 between Bryce Canyon and Zion National Parks. Situated on 2.7 acres of commercial property. Includes 5,000 SF restaurant, office area, and laundry area. The restaurant area has also been the owner's living quarters for the past 11 years. All 13,000 SF have a new roof, and 10 of the 20 rooms have been remodeled. 3 permitted RV spots on the side of the restaurant house employees and are seasonal from April to November. Currently operated May to September. You can make money Oct-Dec, and March April but current owners prefer the time off. Restaurant could be opened and generate income. Gross Sales on rooms 190,000 minus 6k cc fees, 15k booking.com/expedia commissions, 50k 3 employees wages at 15k each, 5k property taxes, 6k property insurance, 6000 power,4000 propane, 2000water, 1200 tv, 1400 Wi-Fi/phone, 2,500 workman's comp policy, 5k unemployment tax (8% on every dollar paid in wages), 24548 sales, room, city tax,(12.92% on every dollar of room rented) 5k employer match FICA, Medicare (8% on every dollar paid in wages), 5k repairs/linens/toiletries. Call owner Raquel with questions. 60k owner net after all bills paid.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$93 USD /SF

# OF ROOMS

20

PRICE/ROOM

$60,000 {currency}

CAP RATE

12%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bryce Zion Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

119,790 SF

ZONING

C

APN/PARCEL ID

05-0038-0010

ASK ABOUT THIS PROPERTY

Sam ChristensencRc NationwideMore Info
801-361-9798

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Sam ChristensencRc NationwideMore Info
801-361-9798

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