261 Bear River Dr - Hospitality FOR SALE


Evanston, WY 82930
$3,500,000 USD
208-320-6780
261 Bear River Dr, Evanston, WY for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/35
null | Request Cap Rate

261 Bear River Dr
Evanston, WY 82930


HIGHLIGHTS

  • Turnkey Extended Stay operation
  • 50 newly installed kitchenettes | Big fridges in every room
  • Expansive rear parking lot
  • $4 Billion TerraPower nuclear power project in Kemmerer
  • New guest laundry machines

OVERVIEW

FOR SALE: Evanston Extended Stay – Prime 99-Room Investment Opportunity in Evanston, WY Welcome to the Evanston Extended Stay, a 99-room, all-brick, independent extended stay motel strategically located at 261 Bear River Dr, Evanston, WY 82930. This well-positioned property is one of the first lodging options travelers see when entering Evanston from the west on I-80 — giving it unmatched visibility and curb appeal. Just 85 miles from Salt Lake City, Evanston is a growing hub for travelers, workers, and regional visitors. With Wyoming’s pro-business climate and Evanston’s extreme proximity to Utah (15 minutes from the border), this property presents an exciting investment opportunity without the burden of a franchise, giving you full operational freedom. Property Highlights: 99 total rooms, including 50 of them upgraded with kitchenettes — ideal for extended stay guests and workforce housing. All-brick construction for long-term durability and reduced maintenance. Large refrigerators in every room, Smart TVs, and new furnishings throughout much of the property. New guest laundry machines installed with digital payment options. Many new PTAC units with a history of routine servicing. Expansive rear parking lot with potential for additional development or RV/truck parking. Large courtyard featuring a spacious grass area and a guest pavilion — offering a unique amenity for relaxation, cookouts, or extended-stay comfort. Located near local businesses including Walmart, Taco Time, Jalisco Restaurant, Loaf ‘N Jug, and Walgreens — perfect for guest convenience. Why Evanston? Evanston is a city with real momentum. Its key economic drivers include: Energy & Infrastructure: Just 60 miles northeast is Kemmerer, WY, home to the groundbreaking $4 Billion TerraPower nuclear power project, which is expected to bring thousands of skilled workers and contractors to the region. Tourism & Events: The historic horse races at the Uinta County Fairgrounds attract thousands every summer, boosting seasonal lodging demand. Transportation: Positioned directly along the I-80, Evanston is a major rest and refuel point between Salt Lake City and the rest of the West. Outdoor Recreation: Proximity to Bear River State Park, the Uinta Mountains, and Flaming Gorge make this a year-round destination for travelers, hunters, and outdoor enthusiasts. Investment Highlights: No franchise obligations – set your own rates, branding, and operations. Strong extended stay potential – ideal for workforce housing tied to local construction, energy, and rail sectors. Wyoming tax advantages – no state income tax and a business-friendly regulatory environment. High visibility and easy access – direct off-ramp exposure for westbound I-80 traffic. This is more than a property – it’s a turnkey opportunity to own a cornerstone asset in a community on the rise. Whether you’re looking to operate independently, expand a portfolio, or capitalize on Wyoming’s growth, the Evanston Extended Stay offers location, infrastructure, and value. Contact us today to learn more or schedule a private showing.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$96 USD /SF

# OF ROOMS

99

PRICE/ROOM

$35,354 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Evanston Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1981

PARKING SPACES

91

LAND DETAILS

LAND ACRES

4.4 AC

LAND SF

191,664 SF

ZONING

C

APN/PARCEL ID

15202220000900

ASK ABOUT THIS PROPERTY

Jaxon PearlX Stay Properties, IncMore Info
208-320-6780

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Jaxon PearlX Stay Properties, IncMore Info
208-320-6780

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