For Sale
$12,500,000

477 Main StMoab, UT 84532

38-key hotel, 7% cap rate, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment opportunity: Gravity Haus Moab, a 38-key hotel built in 2021, is offered at $12,500,000. This three-story, 31,500 square foot property sits on a 1.4-acre lot in downtown Moab, Utah (APN: 01-0001-0026). The hotel boasts amenities including an outdoor pool, two hot tubs, and two EV charging stations. Guest rooms feature complimentary Wi-Fi and in-room gear storage, catering to the adventurous Moab clientele. The property includes 74 parking spaces. A significant advantage is the inclusion of a 5,000 square foot retail space ("Gear Heads") under a 15-year lease, and a 2,500 square foot restaurant ("II Posto Rossa") owned by the hotel. This integrated approach ensures a robust revenue stream and strong synergy within the thriving Moab hospitality market. The property's impressive 7.00% cap rate and prime location make it an attractive investment for discerning buyers seeking a high-return hospitality asset in a sought-after destination. The building's modern design and recent construction (2021) minimize immediate capital expenditure needs. This turnkey operation presents a rare opportunity to acquire a well-established and profitable hotel in the heart of Moab's vibrant tourism sector.

Highlights

  • Gravity Haus Moab, a 38-key hotel, offered at $12,500,000.
  • Three-story, 31,500 square foot building on a 1.4-acre lot in downtown Moab, Utah (APN: 01-0001-0026).
  • Amenities include an outdoor pool, two hot tubs, and two EV charging stations; 74 parking spaces.
  • Includes a 5,000 SF retail space under a 15-year lease and a 2,500 SF hotel-owned restaurant.
  • 7.00% cap rate; built in 2021.

Property Details for 477 Main St

Property type
Hospitality properties, Hotels
Square Feet
31,500 SF
Year Built/Renovated
2021/2021
Buildings
1
Stories
3
Lot Size (sq. ft)
60,984 SF

Location Insight

City
Moab
County
Grand
State
Utah
Latitude
38.5659126
Longitude
-109.5496403
477 Main St, Moab, Utah

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477 Main St
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