311 E Main St - Hospitality FOR SALE


Vernal, UT 84078
$2,995,000 USD
435-790-2719
311 E Main St, Vernal, UT for Sale
$2,995,000 USD
Hospitality - FOR SALE
1/54
null | 8.25% Cap Rate

311 E Main St
Vernal, UT 84078


HIGHLIGHTS

  • Heart of downtown
  • Updated rooms
  • Independent, but Option for franchise

OVERVIEW

Position your portfolio for steady cash flow and long term growth with this renovated 50 room and manager apartment hospitality property located in the heart of Vernal, Utah. This turnkey investment opportunity sits on 1.06 acres with 64 parking spaces and continues to benefit from strong tourism, energy, outdoor recreation, and business travel traffic throughout the Uinta Basin. Originally built in 1982, the property underwent major upgrades and improvements following a 2024 rebrand, creating a modern and welcoming experience for guests while reducing future capital expense concerns for a new owner. This property presents an outstanding opportunity for investors seeking a hospitality asset with strong curb appeal, updated infrastructure, and immediate operational potential. Its location in one of eastern Utah's busiest tourism and recreation corridors places guests within reach of national parks, dinosaur attractions, oil and gas industries, hunting, fishing, and year round outdoor recreation. Property sold "As Is", with no seller warranties.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$156 USD /SF

# OF ROOMS

50

PRICE/ROOM

$59,900 {currency}

CAP RATE

8.25%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Patriot Stay Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

C

APN/PARCEL ID

05-020-0091

ASK ABOUT THIS PROPERTY

Sonja NortonAshley Valley Realty, Inc.More Info
435-790-2719

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Sonja NortonAshley Valley Realty, Inc.More Info
435-790-2719

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