Active
1424 W PINE Street
Pinedale WY, 82941
$5,000,000
$117.12 per sqft
Active
42,693 sqft
Commercial
***Price Reduced!*** 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.
24-2471
MLSⓇ ID
September 25, 2024
Listed
November 22, 2024
Updated
Map
1424 W PINE Street
Pinedale WY, 82941
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
2.31 Acres
Sewer
Public Sewer
Other Property Details
Area Name
14 - N. Sublette County, WY
Taxes
$27,058
Tax Frequency
Annually
Garage
No
View
No
County
Sublette
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
11/22/2024 | Price change | $5,000,000 -10% |
Courtesy of Kody Watts, Keller Williams Realty Western Trails
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Data last updated 10:25 PM UTC, 11/22/2024