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245 N Red Cliffs Dr - Zion Promenade Condo-Tel 286 - 425 SF Flex Condo Units Offered at $239,000 - $395,000 Per Unit in St George, UT 84790
Investment Highlights
- Heavy foot and car traffic
- Plenty of parking
- 1031 Exchange
- High occupancy
- Turnkey
- Renovated
Executive Summary
1031 EXCHANGE GOLD!! BIG INCENTIVE - Builder is offering a leaseback the first year while the hotel ramps up, which totals over $20K... Builder pays: 5% - $12,500/year HOA - $6,396/year Taxes - $2500/year Insurance - $480/year You're only responsible for your mortgage the first year! Estimated Example Breakdown: Purchase Price - $250K Down Payment - 50% Interest Rate - 7% Mortgage Payment - $832/mo 5% ROI - $1042/mo In Your Pocket - $210/mo Own a Pool Side, City View or King Suite Condo-hotel unit in one of St. George's busiest and most desirable districts, drawing year-round tourism and tournament traffic. It is ideally located within the Promenade Shopping Center, adjacent to I-15 Exit 8 and directly across from The Shoppes at Zion, this property offers exceptional visibility and accessibility. The hotel is undergoing a full redesign and renovation with upgraded resort-style amenities. Enjoy a private outdoor pool, hot tub, fire pits, BBQ's and enhanced privacy with the raised east wall surrounding the pool area. Additional amenities include guest laundry facilities, business center, complimentary breakfast, and WiFi. Each unit includes standard hotel features such as a flat-screen TV, table and chair, coffee maker, microwave, refrigerator, hair dryer, iron and ironing board, with select connecting rooms. Condo owners also enjoy access to an exclusive owners lounge during their stay.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
This complete renovated commercial project will be sold as individual condo units while being operated as a hotel.Two floor condo-tel. Three floorpan options: king suite, pool side or city view room.
Sale Notes
PHASE 1! Own a Pool Side, City View or King Suite Condo-hotel unit in one of St. George's busiest and most desirable districts, drawing year-round tourism and tournament traffic. It is ideally located within the Promenade Shopping Center, adjacent to I-15 Exit 8 and directly across from The Shoppes at Zion, this property offers exceptional visibility and accessibility. The hotel is undergoing a full redesign and renovation with upgraded resort-style amenities. Enjoy a private outdoor pool, hot tub, fire pits, BBQ's and enhanced privacy with the raised east wall surrounding the pool area. Additional amenities include guest laundry facilities, business center, complimentary breakfast, and WiFi. Each unit includes standard hotel features such as a flat-screen TV, table and chair, coffee maker, microwave, refrigerator, hair dryer, iron and ironing board, with select connecting rooms. Condo owners also enjoy access to an exclusive owners lounge during their stay.
| Sale Type | Investment |
| Sale Type | Investment |
Description
This complete renovated commercial project will be sold as individual condo units while being operated as a hotel.Two floor condo-tel. Three floorpan options: king suite, pool side or city view room.
Sale Notes
PHASE 1! Own a Pool Side, City View or King Suite Condo-hotel unit in one of St. George's busiest and most desirable districts, drawing year-round tourism and tournament traffic. It is ideally located within the Promenade Shopping Center, adjacent to I-15 Exit 8 and directly across from The Shoppes at Zion, this property offers exceptional visibility and accessibility. The hotel is undergoing a full redesign and renovation with upgraded resort-style amenities. Enjoy a private outdoor pool, hot tub, fire pits, BBQ's and enhanced privacy with the raised east wall surrounding the pool area. Additional amenities include guest laundry facilities, business center, complimentary breakfast, and WiFi. Each unit includes standard hotel features such as a flat-screen TV, table and chair, coffee maker, microwave, refrigerator, hair dryer, iron and ironing board, with select connecting rooms. Condo owners also enjoy access to an exclusive owners lounge during their stay.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 113 | 425 SF | Flex | $395,000 ($929.41/SF) | - |
| Unit 209 | 286 SF | Flex | $239,000 ($835.66/SF) | - |
Unit 113
| Unit Size |
| 425 SF |
| Condo Use |
| Flex |
| Price |
| $395,000 ($929.41/SF) |
| NOI |
| - |
Unit 209
| Unit Size |
| 286 SF |
| Condo Use |
| Flex |
| Price |
| $239,000 ($835.66/SF) |
| NOI |
| - |
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Unit 113
| Unit Size | 425 SF |
| Condo Use | Flex |
| Price | $395,000 ($929.41/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| This complete renovated commercial project will be sold as individual condo units while being operated as a hotel.Two floor condo-tel. Three floorpan options: king suite, pool side or city view room.</li></ul> | |
| Sale Notes | |
| PHASE 1! Own a Pool Side, City View or King Suite Condo-hotel unit in one of St. George's busiest and most desirable districts, drawing year-round tourism and tournament traffic. It is ideally located within the Promenade Shopping Center, adjacent to I-15 Exit 8 and directly across from The Shoppes at Zion, this property offers exceptional visibility and accessibility. The hotel is undergoing a full redesign and renovation with upgraded resort-style amenities. Enjoy a private outdoor pool, hot tub, fire pits, BBQ's and enhanced privacy with the raised east wall surrounding the pool area. Additional amenities include guest laundry facilities, business center, complimentary breakfast, and WiFi. Each unit includes standard hotel features such as a flat-screen TV, table and chair, coffee maker, microwave, refrigerator, hair dryer, iron and ironing board, with select connecting rooms. Condo owners also enjoy access to an exclusive owners lounge during their stay.</li></ul> |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 209
| Unit Size | 286 SF |
| Condo Use | Flex |
| Price | $239,000 ($835.66/SF) |
| NOI | - |
| Sale Type | Investment |
| Description | |
| This complete renovated commercial project will be sold as individual condo units while being operated as a hotel.Two floor condo-tel. Three floorpan options: king suite, pool side or city view room.</li></ul> | |
| Sale Notes | |
| PHASE 1! Own a Pool Side, City View or King Suite Condo-hotel unit in one of St. George's busiest and most desirable districts, drawing year-round tourism and tournament traffic. It is ideally located within the Promenade Shopping Center, adjacent to I-15 Exit 8 and directly across from The Shoppes at Zion, this property offers exceptional visibility and accessibility. The hotel is undergoing a full redesign and renovation with upgraded resort-style amenities. Enjoy a private outdoor pool, hot tub, fire pits, BBQ's and enhanced privacy with the raised east wall surrounding the pool area. Additional amenities include guest laundry facilities, business center, complimentary breakfast, and WiFi. Each unit includes standard hotel features such as a flat-screen TV, table and chair, coffee maker, microwave, refrigerator, hair dryer, iron and ironing board, with select connecting rooms. Condo owners also enjoy access to an exclusive owners lounge during their stay.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 19,638 SF | Typical Floor Size | 9,819 SF |
| Property Type | Hospitality | Year Built | 1995 |
| Property Subtype | Hotel | Lot Size | 0.92 AC |
| Building Class | C | Parking Ratio | 2.17/1,000 SF |
| Floors | 2 | ||
| Zoning | C-2 - Commercial building being sold as individual residential investment units. | ||
| Total Building Size | 19,638 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 9,819 SF |
| Year Built | 1995 |
| Lot Size | 0.92 AC |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | C-2 - Commercial building being sold as individual residential investment units. |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $139.00 | - |
| Guest Room | 48 | $99.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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245 N Red Cliffs Dr - Zion Promenade Condo-Tel
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