25 Ut-24Hanksville, UT 84734

Property Details for 25 Ut-24

Year built

1995

Lot size

4.95 AC

Property size (Sq ft)

7,704 SF

Property type

Hospitality properties

Property subtype

Hotels

Description

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.

Location Insight

City

Hanksville

County

Wayne

State

Utah

Latitude

38.334

Longitude

-111.014

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