1015 S Haynes Ave
Miles City, MT 59301
SureStay by Best Western Miles City · Hospitality Property For Sale · 26,272 SF

Property Tour and Contact Detail Information: Property tours are available by appointment. Please contact the listing broker to schedule a tour of the property. Investment Overview: The opportunity is a 53-room, two-story, limited service hotel located in Miles City, Montana. The Property is located at 1015 South Haynes Avenue, just 0.3 miles from Interstate 94. Situated on a parcel totaling 0.70 acres the Property, originally constructed in 1970 is zoned HWC, Highway Commercial District, and the Assessor's Parcel Number is 14-1740-34-4-16-01-000. The 53 rooms each feature a microwave, refrigerator, and free Wi-Fi. The Property, flagged as a Best Western, also has an indoor pool, spa and sauna, fitness room, and a breakfast room with free full breakfast. The hotel is in the Montana market and the Montana Other Areas submarket. The current TTM Occupancy as of 8/31/2017 is 64.70%. The Property benefits from its prime location on South Haynes Avenue with its close proximity to Interstate 94. Interstate 94 is the major east-west corridor running from Milwaukee, Wisconsin (east of the Property) to Billings, Montana (144 miles west of the Property). The local Miles City Municipal Air The local Miles City Municipal Airport is roughly five miles north of Miles City, while Billings Logan International Airport is 146 miles to the west. The immediate vicinity is comprised of primarily commercial uses to the north, south, and east. To the immediate west of the Property are residential areas. Holy Rosary Healthcare is 0.3 miles to the west, a six-minute walk. With 165 employees, this acute-care hospital serves an 11 county region in eastern Montana. A large portion of the area surrounding Miles City is devoted to cattle ranching and farming. There are several casinos in Miles City. Other demand generators include Walmart, City of Miles City, Tongue River Winery, and Range Rider's Museum. The area's demographics include an estimated 10,836 people with an average household income of $64,791 within a five-mile radius. Miles City is located at the confluence of the Yellowstone River and the Tongue River. Named after Colonel N.A. Miles, who commanded nearby Fort Keogh, the city became the center of trade for eastern Montana. The city has become the largest city and the center of Custer County. The largest event of the year is held the third full weekend in May each year