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1424 W Pine Street

Pinedale, WY 82941
  • $5,500,000
  • STATUS: Active
  • ON SITE: 42 Days
  • MLS #: 20244846
UPDATED: 77 min ago
$5,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 42,693
    SQFT
  • $129
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2005
County:

School Ratings & Info

Description

Peak Collective Real Estate with KW Commercial is pleased to present for sale the Pinedale Hotel & Suites at 1424 W Pine St, Pinedale WY. The Pinedale Hotel is a 82-key interior corridor hotel with a 9.5% Cap rate. The building is 42,693 SF and is on 2.31 AC of land. The hotel was built in 2005 and features a heated indoor pool, hot tub, continental breakfast area, fitness center, business center, on-site spa and more. The property also has a 5-year lease for 1,057 SF of restaurant space until 2029 that is 40% of the restaurants net revenue. The restaurant recently acquired a liquor license that will only further bolster the return on investment for the space. The hotel's strategic location, combined with the fact that its one of the only hotels in the area with a restaurant, is likely to attract a steady influx of guests throughout the year, especially during the summer months. Moreover, the ability to host extended stay tenants and provide long-term lodging helps ensure favorable returns on investment for its owners. This property has great value-add potential with unrealized income.

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Wyoming MLS logo Disclaimer: Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The data relating to real estate on this web site comes in part from the Wyoming MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than the listing office named are marked with the Wyoming MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-11-07T00:27:45.94.
www.lisaburridgehomes.com/homes/155812162
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1424 W Pine Street Pinedale, WY 82941

  • Price: $5,500,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 77 min ago
  • MLS #: 20244846
0
Beds
0
Baths
0
½ Baths
N/A
Acres
42,693
SQFT
$129
$/SQFT
2005
Built
Neighborhood:
Sublette County
County:
Sublette
Area:
Sublette County
Property Description
Peak Collective Real Estate with KW Commercial is pleased to present for sale the Pinedale Hotel & Suites at 1424 W Pine St, Pinedale WY. The Pinedale Hotel is a 82-key interior corridor hotel with a 9.5% Cap rate. The building is 42,693 SF and is on 2.31 AC of land. The hotel was built in 2005 and features a heated indoor pool, hot tub, continental breakfast area, fitness center, business center, on-site spa and more. The property also has a 5-year lease for 1,057 SF of restaurant space until 2029 that is 40% of the restaurants net revenue. The restaurant recently acquired a liquor license that will only further bolster the return on investment for the space. The hotel's strategic location, combined with the fact that its one of the only hotels in the area with a restaurant, is likely to attract a steady influx of guests throughout the year, especially during the summer months. Moreover, the ability to host extended stay tenants and provide long-term lodging helps ensure favorable returns on investment for its owners. This property has great value-add potential with unrealized income.
Exterior Features

Construction Existing Construction Type Other Dock YN No Exterior Other Fence None Foundation Concrete Parking Spaces 90 Roof Asphalt/Fiberglass Site Paved Lot

Interior Features

Building Extras Fire DetectorsFire SprinklersLiving AreaRestroomsSecurity System Ceiling Height Under 16 Foot Cooling A/C Window Unit Elevator Yes Heating Electric Office Sq Ft 100 Overall Building Total Sq Ft 20000 + Overhead Doors None

Property Features

Commercial Type Hotel/Motel Crane None Electric City Foreclosure No Gas Natural Gas Sewer City Short Sale No Tax Year 2023 Taxes 27058 Utilities 115V Electricity Water City Zoning COMMERCIAL

Wyoming MLS logo Listing information © 2024 Wyoming Multiple Listing Service. Listing provided courtesy of Keller Williams Realty Western Trails: 605-343-7500.
Wyoming MLS logo Disclaimer: Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. The data relating to real estate on this web site comes in part from the Wyoming MLS Internet Data Exchange Program. Real estate listings held by brokerage firms other than the listing office named are marked with the Wyoming MLS IDX logo and detailed information about them includes the name of the listing broker. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-11-07T00:27:45.94.
 
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Lisa Burridge & Associates Real Estate
421 S. Center Street - Suite 101
Casper WY, 82601
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