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Alpine Lodge & RV 900 S Main St

48 Room Hotel Cascade, ID 83611 £2,347,350 (£48,903/Room) 10.06% Net Initial Yield

Investment Highlights

  • Turnkey Property With Diverse Lodging Mix
  • Potential To Expand RV Park/Cabins
  • 90 Min To Boise/Year-round Demand Drivers
  • Recently Renovated With Ample Parking
  • Options For On-Site Employee Housing
  • Event Space Caters To Fishing Enthusiasts

Executive Summary

Southwest Idaho Resort Opportunity
Alpine Lodge & RV is a 48-key economy resort with a well-rounded mix of accommodation styles. The property offers room options, including tent campsites, ample pull-thru and back-in RV sites with full hookups, and newly renovated lodge and motel rooms. The on-site Clubhouse is available for events and offers a gathering space for guests, enhancing its appeal to groups and families. Amenities include indoor and outdoor fish cleaning stations, refrigerators, freezers, on-site laundry, community fire pits, and boat charging facilities. The resort currently offers firewood, ice, and propane for additional income.
The property has the potential to expand the RV park or add additional camping or cabins in the future. Options for employee housing or on-site owner/manager’s quarters provide added flexibility for operations, making this a turnkey investment opportunity with significant upside potential.
Situated on Highway 55 and just 90 minutes from Boise, Idaho, the property benefits from year-round demand-driver activities like whitewater rafting, hiking, skiing, and fishing in the West Central Mountains.
Cascade, Idaho is less than a 2-hour drive from Boise making it an attractive weekend getaway for locals and tourists alike. Cascade is well-known as a destination for year-round outdoor activities. The mountains, wilderness areas, rivers, and lakes make this area perfect for recreation, sports, and “getting away from it all.” Outdoor enthusiasts may choose to hike, mountain bike, hunt, camp, boat, kayak, or paddleboard. For visitors looking to relax, the Cascade area has at least seven different hot springs. For avid fishermen, Lake Cascade is well-known for ice fishing and the biggest Perch in the world.
Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. DO NOT CONTACT PROPERTY OR EMPLOYEES!
Selling Broker co-op (if available) contingent upon receipt and CIP approval of Buyer Registration in advance of receipt of the marketing package, financials, and presentation of offers. No co-op without CIP approval of Buyer Registration. State law prohibits CIP from offering a Broker co-op to any Broker not licensed in the state where the listed property is located. Please call with questions regarding this requirement.

Property Facts

Price £2,347,350
Price Per Room £48,903
Sale Type Investment
Net Initial Yield 10.06%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 5.68 AC
Building Size 6,925 SF
No. Rooms 48
Number of Floors 2
Year Built/Renovated 1975/2024
Parking Ratio 8.03/1,000 SF
Corridor Exterior

Amenities

  • Balcony
  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 2 £132.23 -
Guest Room 46 £81.37 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • RPC00000314036
  • RPC00000315685
  • RPC00000315656
  • RPC00000315695
Land Assessment
£777,362
Improvements Assessment
£444,153
Total Assessment
£1,221,515

zoning

Zoning Code Commercial
Commercial
  • Listing ID: 33748420

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 900 S Main St, Cascade, ID 83611

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