5059 N Reserve St | Missoula, MT 59808
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5059 N Reserve St
Missoula, MT 59808
$1.3M NOI | $3.3M Room Rev | La Quinta Inn · Hospitality Property For Sale · 36,030 SF
Investment Highlights
- This Wyndham-branded hotel had an impressive $3.3M in room revenue and $1.3M in NOI for the trailing 12 months ending June 2023.
- The La Quinta is well-equipped with a fitness center, guest laundry, ample parking, an indoor pool, meeting rooms, and more.
- Montana has no state income tax and no sales taxes
- Nestled in the Northern Rockies of Montana, the asset sits on a 1.3-acre lot off I-90, minutes from Downtown Missoula and the University of Montana.
- Missoula Montana Airport is a fast-growing airport that serves over 900,000 passengers annually.
- Demand drivers include various outside activities, museums, breweries, historic theaters, national forests, and picturesque mountains
PROPERTY FACTS
| Sale Conditions | Auction Sale | Building Size | 36,030 SF |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1999/2007 |
| Building Class | B | Parking Ratio | 2.41/1,000 SF |
| Lot Size | 1.30 AC | Corridor | Interior |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.30 AC |
| Building Size | 36,030 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1999/2007 |
| Parking Ratio | 2.41/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | 04-2200-05-3-01-01-0000 | Improvements Assessment | $7,625,000 |
| Land Assessment | $1,033,500 | Total Assessment | $8,658,500 |
PROPERTY TAXES
Parcel Number
04-2200-05-3-01-01-0000
Land Assessment
$1,033,500
Improvements Assessment
$7,625,000
Total Assessment
$8,658,500
zoning
| Zoning Code | 6 (Historic Zoning) |
| 6 (Historic Zoning) |
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