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408 Park St
Thermopolis, WY 82443
Rainbow Motel · Hospitality Property For Sale
·
10,573 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built/Renovated | 1949/2023 |
| Building Class | C | Parking Ratio | 1.7/1,000 SF |
| Lot Size | 0.73 AC | Corridor | Exterior |
| Building Size | 10,573 SF | ||
| Zoning | Commercial - Commercial Zoning | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 10,573 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1949/2023 |
| Parking Ratio | 1.7/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial - Commercial Zoning |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ABOUT 408 PARK ST , THERMOPOLIS, WY 82443
BUSINESS OPPORTUNITY in Hot Springs County, Thermopolis, WY - Rainbow Motel! An 18 unit motel with short term rentals makes an easy owner/operator lifestyle! This Thermopolis landmark, Rainbow Motel, has a highly visible location on the main highway bordering the most beautiful Hot Springs State Park and within walking distance of the BigHorn River. MANY upgrades and updates have been completed on the 18 unit motel including a new roof and 4 kitchenettes. The clean, well maintained rooms with a western flair are completely furnished with beds, flat screen TV, microwaves and refrigerators. There are singles, doubles, triples, and kitchenettes available with a paved parking lot. The rooms are so large that there is a possibility of adding an additional 10 kitchenettes. An additional property, 508 Springview, zoned residential or commercial, could be added with the motel as a packaged sale! The house offers 3 bedrooms, 1 bathroom with 3 fixtures, many closets for storage, an unfinished basement with opportunity for more living space, on an extra LARGE sized commercial/residential zoned lot. Updates to the home include: Fenced Yard and NEW Utilities to the House. The house is currently priced at $297,500. Interested parties could purchase BOTH properties - Rainbow Motel and 508 Springview for $900,000. Now is the time to jump on a new opportunity!
PROPERTY TAXES
| Parcel Number | 2196 | Improvements Assessment | $26,398 |
| Land Assessment | $8,782 | Total Assessment | $35,180 |
PROPERTY TAXES
