For Sale
$999,900

180 Ctr StPanguitch, UT 84759

18-Room Motel, High Tourism Area

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 18-room motel, situated at the gateway to Bryce Canyon National Park in Panguitch, Utah, presents a compelling investment opportunity. Boasting a prime location in a high-tourism area, this property offers significant potential for increased profitability. Recently renovated in 2024, the motel features a manager's apartment and a separate two-bedroom house, which can be utilized as a rental unit, additional hotel accommodations, or for nightly rentals. The 0.57-acre lot is zoned H/MC, providing flexibility for future development. The property underwent a full rehabilitation starting Summer 2024, enhancing its appeal and value. This value-add property is poised to become a highly lucrative income-generating asset. The asking price is $999,900, and seller financing is available with a 30% down payment. Note that the sales price may increase as renovations progress. The property's APN is 07-0063-0294. This is a rare opportunity to acquire a well-located motel in a thriving tourist destination. The motel was originally built in 1962. The address is 180 Center St, Panguitch, UT 84759.

Highlights

  • 18-room motel in prime tourist location at the gateway to Bryce Canyon National Park.
  • Value-add opportunity with significant income potential.
  • On-site manager's apartment.
  • Includes a 2-bedroom house suitable for rental or hotel use.
  • Seller financing available with 30% down.
  • Full renovation commencing Summer 2024; price will increase with progress.

Property Details for 180 Ctr St

Property type
Hospitality properties, Motels
Year Built/Renovated
1962/2024
Lot Size (sq. ft)
24,829 SF

Location Insight

City
Panguitch
County
Garfield
State
Utah
Latitude
37.8225662
Longitude
-112.4321499
180 Ctr St, Panguitch, Utah

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180 Ctr St
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