Evergreen Motel 808 Mineral Ave 17 Room Hotel Libby, MT 59923 $2,800,000 ($164,706/Room)

EXECUTIVE SUMMARY

Discover an incredible opportunity to own a beautifully remodeled 17-room motel, proudly rated #1 in town! This thriving property is perfectly situated in the heart of downtown, and has a stellar reputation. The Evergreen boasts a strong customer base and excellent online reviews. The property features well-maintained gardens enhancing its curb appeal and creating a relaxing environment for guests. Located within walking distance to major amenities, including restaurants, shops, and entertainment, ensuring a steady flow of guests. With a robust reputation and prime location, this is an incredible investment opportunity. The Evergreen is not just a place to stay—it's a thriving business with excellent growth potential. The cap rate is 7%. There is an additional opportunity; the option to buy the house next door which is perfect for an owner-occupied residence or staff accommodation. Please inquire for more details. Contact Ashley Miner at 406-293-0951 or your real estate professional.

PROPERTY FACTS

Price $2,800,000
Price Per Room $164,706
Sale Type Investment
Sale Conditions
Build to Suit
  • Business Value Included
  • High Vacancy Property
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.50 AC
Building Size 6,498 SF
No. Rooms 17
No. Stories 1
Year Built 1938
Parking Ratio 2.62/1,000 SF
Corridor Exterior
Opportunity Zone Yes
Zoning H

AMENITIES

  • High Speed Internet Access
  • Public Access Wifi

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 17 $99.00 -
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (70)

PROPERTY TAXES

  • Listing ID: 33514194

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 808 Mineral Ave, Libby, MT 59923