Phillips Historic Motel & Cottages is a great opportunity for a family wanting to live on the property. The motel property has four buildings. The motel's main building includes the owner's five-bedroom, four-bath house, the reception area, a laundry room, a large basement with an additional laundry, and 12 guest rooms. Building 2 has 3 guest rooms, Building 3 has one large guest room. Building 4 has 5 guest rooms.
“Preseason” quick CASH sale price of $839,000*. No owner financing. Please indicate upfront proof of funds and if you are paying “CASH” or planning on using lender financing. Hard to find a better price for this type of well-established property in a high-demand tourist area. *If under contract before May 1, 2025, with proof of funds. The price will increase substantially on May 1, 2025, as the season will have begun.
Note: Adjacent to the property are six, 3- bedroom houses on 2 separate tax parcels with commercial zoning. They are currently part of the motel pool, but they are not included in the motel sales price. The six detached homes rent for approximately $200 per night. The 6 houses are valued at over $1m but can be included in this purchase for only an additional $800,000 if purchased at the same time as the motel. Owner may be open to a 1031 exchange for another property of similar value in Arizona, California, Utah, or Colorado, or income properties at or near a ski resort.