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The Monroe Inn/Ace's Place Restaurant 310 N Main St 8 Room Hotel Monroe, UT 84754 $400,000 ($50,000/Room)
INVESTMENT HIGHLIGHTS
- Turn-Key
EXECUTIVE SUMMARY
A rare opportunity to own one of Monroe's most iconic properties-perfectly blending history, hospitality, and income-producing potential-just minutes from the healing waters of Monroe Hot Springs. Positioned on a beautifully manicured 0.53-acre lot, this unique property offers four fully restored guest rooms and a renovated restaurant, creating a seamless, turnkey business ready for immediate operation. The Historic Monroe Inn has been tastefully modernized while preserving its vintage character. With four inviting rooms, the Inn operates as a popular nightly rental destination for travelers exploring central Utah's outdoor beauty or visiting the nearby Hot Springs. The fully renovated restaurant space offers an inviting atmosphere with upgraded finishes, open dining areas, and a beautifully landscaped patio complete with a firepit perfect for private events, or evening gatherings under the stars. Prominently located on Monroe's Main Street with outstanding visibility, on-site parking, and steady year-round traffic, the property sits at the gateway to some of Utah's most breathtaking recreation, including ATV trails, hiking, biking, and mountain scenery in every direction. Whether you're seeking an exceptional live-work lifestyle, a hospitality venture, or a diversified real estate investment with multiple income streams, this property delivers endless potential. Seize the opportunity to own a piece of Monroe's rich history, fully restored, income-generating, and ready to welcome guests, locals, and visitors alike. Furniture and restaurant package available for an additional $85,000, making this property fully turnkey and ready for immediate business operation.
Buyer to verify all information on the property including utilities and property lines. Please schedule all showings with a minimum 48 hour notice. Some rooms may not be able to show due to bookings. Financials upon request for Pre-Qualified Buyers only. Adjacent Property in currently under contract and property lines and acreage are subject to change.
Buyer to verify all information on the property including utilities and property lines. Please schedule all showings with a minimum 48 hour notice. Some rooms may not be able to show due to bookings. Financials upon request for Pre-Qualified Buyers only. Adjacent Property in currently under contract and property lines and acreage are subject to change.
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ABOUT 310 N MAIN ST , MONROE, UT 84754
4,973 square foot 2-story hospitality property.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $225.00 | - |
| Guest Room | 6 | $150.00 | - |
PROPERTY TAXES
| Parcel Number | 1-M23-43 | Improvements Assessment | $405,989 |
| Land Assessment | $85,486 | Total Assessment | $491,475 |
PROPERTY TAXES
Parcel Number
1-M23-43
Land Assessment
$85,486
Improvements Assessment
$405,989
Total Assessment
$491,475
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The Monroe Inn/Ace's Place Restaurant | 310 N Main St
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