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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 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-18-46
Land Assessment
$128,250
Improvements Assessment
$0
Total Assessment
$128,250

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 28989135

  • Date on Market: 7/13/2023

  • Last Updated:

  • Address: 145 S Main St, Richfield, UT 84701

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