For Sale
$1,290,000

145 South Main Street Richfield , UT 84701

60-Room Hotel, Strong ROI Potential

Overview

Added:
Jan 15
Days on market:
101
This exceptional investment opportunity presents the Apple Tree Inn, a 60-room hotel located in the heart of Richfield, Utah, at 145 South Main Street, 84701. Spanning 25,071 square feet on a 1.8-acre lot, this established property boasts a strong operating history and consistent profitability. The hotel features well-appointed rooms designed for guest comfort. On-site amenities include free Wi-Fi, a pet-friendly policy, and an outdoor pool, enhancing guest experience and attracting a wider clientele. The property also includes manager's quarters, providing convenient on-site management capabilities. This owner/user investment is priced at $1,290,000 and presents a compelling opportunity for investors seeking a stable and lucrative return. Its prime downtown location and established reputation as a sought-after accommodation in Richfield ensure continued strong performance. The property's size and amenities make it an attractive option for both individual and portfolio investors. This is a rare chance to acquire a thriving hotel in a desirable location with significant growth potential.

Highlights

  • Prime downtown Richfield, UT location with strong operating history.
  • 60 well-appointed rooms across 25,071 square feet.
  • 1.8-acre lot includes manager's quarters & outdoor pool.

Property Details for 145 South Main Street

Property type
Hotels, Hospitality properties
Square Feet
25,071 SF
Price / Square Foot
$51.45
Year Built
1967
Elevators
N/A
Lot Size (sq. ft)
78,408 SF
Units
60

Location Insight

City
Richfield
County
State
Utah

FAQs

What type of property is this?
Hotel - 60-Room Hotel, Strong ROI Potential
Where is the hotel located?
The property is located at 145 South Main Street Richfield , UT.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Prime downtown Richfield, UT location with strong operating history.; 60 well-appointed rooms across 25,071 square feet.; 1.8-acre lot includes manager's quarters & outdoor pool.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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145 South Main Street
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