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591 S Main St
Blanding, UT 84511

Prospector Motor Lodge · Hospitality Property For Sale · 8,168 SF

Investment Highlights

  • Close to attractions.
  • Can be converted to a Multi-family complex.
  • Commercial area.

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.76 AC
Building Size 8,168 SF
No. Stories 1
Year Built 1900
Parking Ratio 4.9/1,000 SF
Corridor Exterior

About 591 S Main St , Blanding, UT 84511

APEX Commercial Real Estate | KW South Valley Keller Williams is pleased to present the sale of the Prospector Motor Lodge. The lodge does exceptionally well for a small town, independent hotel. VALUE ADD There is a value add opportunity in raising room rates to capture more income, doing renovations, or turning the Lodge into a boutique hotel / destination hotel HOTEL TO MULTIFAMILY CONVERSION The Lodge is perfectly positioned to be able to be converted into a possible 20 room multifamily establishment. There are 19 rooms that can be converted into studio or one bedroom apartments and a managers apartment that is finished. There is also possibilities to have less apartments with more of a variety of studio, one room, or two room apartments HOTEL TO AIR B&B CONVERSION / BOUTIQUE The Lodge is perfectly positioned to be able to be converted into a possible 20 room Air B&B or Boutique. The artistic nature of the valley between Moab and Bluff Utah is what brings people to the area. Coupling the artistic nature and a once in a lifetime hotel creates unlimited potential in the market and could drive the price of rooms up. LOCATION The location is close to the city of Moab, which creates an opportunity to capture overflow during peak seasons. As the City of Moab is over booked and there are no vacancies, or apartment rentals clients and customers flow to either Greenriver or Blanding Utah for housing or overnight rentals. Making the Lodge a overflow destination.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
B36220341801
Land Assessment
$115,488
Improvements Assessment
$341,504
Total Assessment
$456,992

zoning

Zoning Code Commercial (Commercial)
Commercial (Commercial)
  • Listing ID: 20781496

  • Date on Market: 8/28/2020

  • Last Updated:

  • Address: 591 S Main St, Blanding, UT 84511

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