477 Main StMoab, UT 84532

Property Details for 477 Main St

Year built

2021

Lot size

1.40 AC

Property size (Sq ft)

31,500 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

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.

Location Insight

City

Moab

County

Grand

State

Utah

Latitude

38.5659

Longitude

-109.55

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