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- LoopNet Team
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 | Number of Floors | 1 |
Property Subtype | Hotel | Year Built | 1900 |
Building Class | C | Parking Ratio | 4.9/1,000 SF |
Lot Size | 1.76 AC | Corridor | Exterior |
Building Size | 8,168 SF |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 1.76 AC |
Building Size | 8,168 SF |
Number of Floors | 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.
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PROPERTY TAXES
Parcel Number | B36220341801 | Improvements Assessment | £272,247 |
Land Assessment | £92,067 | Total Assessment | £364,314 |
PROPERTY TAXES
zoning
Zoning Code | Commercial (Commercial) |
Commercial (Commercial) |
Listing ID: 20781496
Date on Market: 28/08/2020
Last Updated:
Address: 591 S Main St, Blanding, UT 84511
The Hospitality Property at 591 S Main St, Blanding, UT 84511 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.