For Sale
$3,000,000

900 Main StCascade, ID 83611

48-key lodge, RV park, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
116
This turnkey hospitality investment opportunity, listed at $3,000,000, boasts a 10.06% capitalization rate and a strong net operating income of $301,762. The Alpine Lodge & RV, located at 900 S Main St, Cascade, ID 83611, is a 48-key economy resort featuring a diverse mix of accommodations including newly renovated lodge and motel rooms, tent campsites, and ample pull-thru and back-in RV sites with full hookups. Five buildings on a 4.63-acre lot, built in 1975 and renovated in 2024, comprise this two-story property. Amenities include an on-site clubhouse perfect for events, indoor and outdoor fish cleaning stations, refrigerators, freezers, on-site laundry, community fire pits, and boat charging facilities. Additional income streams are generated from the sale of firewood, ice, and propane. The property offers significant upside potential through expansion of the RV park or addition of cabins. Employee housing or owner/manager quarters are available. Located 90 minutes from Boise, Idaho, and situated on Highway 55, the resort benefits from year-round demand driven by activities such as whitewater rafting, hiking, skiing, and fishing in the West Central Mountains. Cascade is a popular destination for outdoor enthusiasts, offering access to numerous lakes, rivers, and hot springs. All information is obtained from sources deemed reliable but subject to buyer verification. Building size is approximate.

Highlights

  • 10.06% Cap Rate, 16.37% ROI, and 5.79 GRM.
  • Turnkey operation with a diverse lodging mix.
  • Recently renovated with abundant parking.
  • Potential for RV park/cabin expansion.
  • On-site employee housing options available.
  • 90-minute proximity to Boise; year-round demand.

Property Details for 900 Main St

Property type
Hospitality properties, Hotels
Year Built/Renovated
1975/2024
Buildings
5
Stories
2
Lot Size (sq. ft)
201,683 SF

Location Insight

City
Cascade
County
Valley
State
Idaho
Latitude
44.504636
Longitude
-116.0278335
900 Main St, Cascade, Idaho

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900 Main St
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