Apple Tree Inn 145 S Main St
60 Room Hotel Richfield, UT 84701 $1,290,000 ($21,500/Room)
INVESTMENT HIGHLIGHTS
- Prime downtown location
- Excellent reputation as a sought-after accommodation.
EXECUTIVE SUMMARY
The Apple Tree Inn in Richfield, Utah presents an exceptional investment opportunity. With its prime downtown location and strong operating performance, this property offers a lucrative investment option. Boasting 60 well-appointed rooms spread across 25,701 square feet on 1.8 acres of land, the Apple Tree Inn stands as an attractive owner/user investment. Its manager quarters provide added convenience for seamless property management. The hotel's consistent profitability and reputation as a sought-after accommodation in the area make it a robust and reliable asset for investors. Don't miss the chance to capitalize on this thriving investment with the Apple Tree Inn.
PROPERTY FACTS Under Contract
| Price | $1,290,000 |
| Price Per Room | $21,500 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 34,000 SF |
| No. Rooms | 60 |
| No. Stories | 2 |
| Year Built | 1964 |
| Tenancy | Single |
| Corridor | Exterior |
AMENITIES
- Patio
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 60 | $48.00 | - |
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PROPERTY TAXES
| Parcel Number | 1-18-46 | Improvements Assessment | $0 |
| Land Assessment | $137,091 | Total Assessment | $137,091 |
ZONING
| Zoning Code | C (Commercial) |
