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Evergreen Motel 808 Mineral Ave

17 Room Hotel Libby, MT 59923 £2,783,970 (£163,763/Room)

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Executive Summary

Discover an incredible opportunity to own a beautifully remodeled 17-room motel, proudly rated #1 in town! This thriving property is perfectly situated in the heart of downtown, and has a stellar reputation. The Evergreen boasts a strong customer base and excellent online reviews. The property features well-maintained gardens enhancing its curb appeal and creating a relaxing environment for guests. Located within walking distance to major amenities, including restaurants, shops, and entertainment, ensuring a steady flow of guests. With a robust reputation and prime location, this is an incredible investment opportunity. The Evergreen is not just a place to stay—it's a thriving business with excellent growth potential. The cap rate is 7%. There is an additional opportunity; the option to buy the house next door which is perfect for an owner-occupied residence or staff accommodation. Please inquire for more details. Contact Ashley Miner at 406-293-0951 or your real estate professional.

Property Facts

Price	£2,783,970	Building Size	6,498 SF
Price Per Room	£163,763	No. Rooms	17
Sale Type	Investment	Number of Floors	1
Sale Conditions	Design & Build Business Value Included High Vacancy Property	Year Built	1938
Property Type	Hospitality	Parking Ratio	2.62/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.50 AC

Price	£2,783,970
Price Per Room	£163,763
Sale Type	Investment
Sale Conditions	Design & Build Business Value Included High Vacancy Property
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.50 AC
Building Size	6,498 SF
No. Rooms	17
Number of Floors	1
Year Built	1938
Parking Ratio	2.62/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.