Affordable Inns - Evanston 339 Wasatch Rd

PROPERTY IS BEING MARKETED AS AN EXTENDED STAY - APARTMENT CONVERSION WITH OPERATING RESTUARANT AND LOUNGE - Resort License. Opportunity Zone!!! 138 +/- Doors, plus employee housing ( 2 -2 bdrms, 3 - 1 bdrms)
Property is currently operating as an indoor hotel with restaurant and lounge (recent renovation, new look, new feel, new menu) along Wyoming’s I-80 corridor and only 50.4 miles to Kemmerer, WY (the next nuclear power plant site); 60 miles to Park City (major ski area) and 82 miles from Salt Lake City.
Three floors of spacious rooms. So why the conversion to Extended Stay / Apartments. AREA IS IN THE BEGINNING PHASE OF A MAJOR GROWTH AND INDUSTRY DEVELOPMENT BOOM with a need for affordable housing. Property is in perfect location for extended stay units OR apartments. Depending on your investment strategy, this property could be your next ‘gold’ piece.
Terra Power broke ground in June 2024 as a ‘FIRST OF ITS KIND’ nuclear power plant just 6 miles south of Kemmerer. Bill Gates and US Dept of Energy are financially backing it. The project is designated as a 6 year turn around to complete; with an anticipated opening in 2030. There is an estimated 1600 temporary workers for just the plant (not including other construction companies hired for the community). There will be approximately 250 permanent workers for the plant upon completion. Chamber of Commerce of Kemmerer and Evanston have seen a sizable increase in area growth and influx of new residents (29% +/-).
Two liquid sodium plants scheduled for production in Suite Water, WY will supply the nuclear plant and have broken ground.
Attached in this folio are reports: Hospitality Market Report for Wyoming, i-80 Corridor Hospitality Capital Market and a Demographics Report for an investor’s perusal along with schematics of room conversions and room layout.
This upcoming year, there is a makeup distribution center being built in Kemmerer.
Nearest Airports: Ogden-Hinckley Airport (77 miles), Salt Lake City International Airport (88 miles), Provo Municipal Airport (105 miles) and Vernal Regional Airport (155 miles)
Education: Evanston, WY is located in the Uinta County School District #1. Schools are Clark Elementary School, Uinta Meadows Elementary School, North Evanston Elementary School, Aspen Elementary School, Evanston Middle School, Davis Middle School, Evanston High School and Horizon Alternative School Unita B.O.C.E.S rated #1
College/University: Weber State University (51 miles) Stevens Henager College Ogden (55 miles) Eagle Gate College Layton (54 miles) Broadview University Layton (55 miles) Utah State University (56 miles) University of Utah (57 miles) plus Unita B.O.C.E.S rated #1 in Evanston.
Health Care: Evanston Regional Hospital (1.65 miles), South Lincoln Medical Center (43.16 miles), Park City Hospital (47.04 miles) and University of Utah (77.1),
THE INVESTMENT POTENTIAL OPPORTUNITY IS AT YOUR FINGER TIPS!!! TO ADD TO THE MANY HIGHLIGHTS, THE PROPERTY IS IN AN OPPORTUNITY ZONE AND HAS A ‘RESORT LIQUOR LICENSE’.

© 2019 Motel Man, LLC./Hazen Hospitality Group All information on this site has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of any property you are interested in to determine to your satisfaction and suitability of the property for your needs.