680 S Highway 191 - Hospitality FOR SALE


Bluff, UT 84512
$1,200,000 USD
435-485-0318
680 S Highway 191, Bluff, UT for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/31
null | 7% Cap Rate

680 S Highway 191
Bluff, UT 84512


HIGHLIGHTS

  • Highway Visibility, yet Quiet
  • Elegant Irrigated Landscaping
  • Vineyard
  • Canyon Views
  • Solid Booking History Even in Tough Economies
  • Only Utah Permitted Liquor Store for 50 miles

OVERVIEW

We’ve done the heavy lifting for ten years to build a highly profitable hotel operation in Utah's majestic canyon country. Willow Street Cottages is the top rated hotel in San Juan County and has solid bookings. The occupancy rate of the hotel portion of the property is over 90 percent on average. Our new liquor and specialty foods store, Sweetwater Market...the only permitted Utah Packaging Agency for 50 miles, is a wonderful compliment to the property and serves a county wide area. The market is contracted with the State of Utah and earns an annual commission in addition to profit on food and art sales. With a loyal, long-term staff and robust year-over-year revenue, this is a turnkey investment ready for a new owner to step in and reap the rewards from day one. The property offers great flexibility for new development as C-3 commercial zoning (see attached Town of Bluff zoning document).

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$195 USD /SF

# OF ROOMS

4

PRICE/ROOM

$300,000 {currency}

CAP RATE

7%

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Willow Street Cottages

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

2016

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

C-3

APN/PARCEL ID

C00290160040

ASK ABOUT THIS PROPERTY

Andi MartinWillow Street CottagesMore Info
435-485-0318

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Andi MartinWillow Street CottagesMore Info
435-485-0318

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