339 Wasatch Rd - Hospitality FOR SALE


Evanston, WY 82930
$1,750,000 USD
307-679-5115
339 Wasatch Rd, Evanston, WY for Sale
$1,750,000 USD
Hospitality - FOR SALE
1/29
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339 Wasatch Rd
Evanston, WY 82930


HIGHLIGHTS

  • Below-Market Pricing: $1,750,000 total – significantly below replacement cost and typical per-key pricing for ˜ 140-room hotels
  • Opportunity Zone: Located in a designated Opportunity Zone for significant tax-advantaged investment potential
  • Updated Core Areas: Lobby, restaurant, and bar already refreshed – reduces immediate CapEx
  • On-Site Manager’s Apartment: Unfinished unit with high potential to complete – perfect for live-in management, lowering operating expenses
  • Value-Add Upside: Reopen, finish the apartment, secure a flag (if desired), rebrand, and stabilize occupancy for strong cash-flow potential
  • Highway-Driven Demand: Steady I-80 traffic provides reliable guest base with minimal marketing spend

OVERVIEW

APEX Real Estate presents this ~140-key hotel directly off Exit 3 on I-80 in Evanston, Wyoming—right at the Utah border on one of the country's busiest east-west interstate corridors. Located in a designated Opportunity Zone for significant tax-advantaged investment potential. Currently vacant and ready for immediate repositioning, the property offers: Recently updated lobby, restaurant, and bar areas, proven hybrid nightly/extended-stay history, unfinished on-site manager’s apartment for live-in management, Exceptional I-80 visibility and direct access, All FF&E included, and transferable resort liquor license for added beverage revenue. Priced at $1,750,000 (~$12,500 per key), it requires low additional CapEx to reopen and stabilize—ideal for franchising with a national/regional brand. Perfect for owner-operators, investor groups, or developers targeting limited-service, extended-stay, or branded interstate hotels with liquor license upside. Property sold "as-is"; the buyer and buyer's agent must verify all information independently.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$28 USD /SF

# OF ROOMS

138

PRICE/ROOM

$12,681 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Affordable Inns - Evanston

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1982

PARKING SPACES

92

LAND DETAILS

LAND ACRES

2.72 AC

LAND SF

118,483 SF

ZONING

HB-D

APN/PARCEL ID

15201940400200

ASK ABOUT THIS PROPERTY

Cody FerrinAPEX Real Estate LLCMore Info
307-679-5115

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Cody FerrinAPEX Real Estate LLCMore Info
307-679-5115

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