For Sale
$1,000,000

25 Ut-24Hanksville, UT 84734

Utah Hotel - Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 16-unit hotel, known as the Cathedral Valley Inn, presents a compelling value-add investment opportunity in Hanksville, Utah. Situated on a 4.95-acre lot at 25 UT-24, this two-story, 7,704-square-foot property boasts 16 keys and a manager's apartment. Built in 1995 and renovated in 2017 and 2018, the Inn features an outdoor pool and jacuzzi. Currently operating seasonally, its prime location near Capital Reef National Park, Goblin Valley, Canyonlands Recreational Area, Henry Mountains, and San Rafael Swell offers significant potential for increased occupancy and revenue. The property is zoned Highway Commercial (APN: 03-0117-0013, 03-0117-0012) and is priced at $1,000,000 ($129.80/sq ft). The Inn's proximity to popular tourist destinations and its existing amenities provide a solid foundation for growth. Financial details are available upon execution of a non-disclosure agreement. Seller financing terms may be available. This is an ideal acquisition for owner-operators or passive investors seeking a strong return on investment in a rapidly growing tourism market. The property's location along scenic Highway 24 ensures high visibility and accessibility. The 16 rooms offer ample capacity to accommodate a diverse range of guests. Further information and demographic data can be found at the provided link.

Highlights

  • 16-unit hotel with on-site 3BD/1BA manager's apartment.
  • Located on 4.95 acres at 25 UT-24, Hanksville, UT.
  • Near Capital Reef National Park, Goblin Valley, and other major attractions.
  • Highway Commercial zoning (APN: 03-0117-0013, 03-0117-0012).
  • $1,000,000 asking price ($129.80/sq ft); seller financing may be available.

Property Details for 25 Ut-24

Property type
Hospitality properties, Hotels
Square Feet
7,704 SF
Year Built
1995
Buildings
1
Stories
2
Lot Size (sq. ft)
215,622 SF
Units
16

Location Insight

City
Hanksville
County
Wayne
State
Utah
Latitude
38.334049114413
Longitude
-111.01433525865
25 Ut-24, Hanksville, Utah

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25 Ut-24
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