2006 Haynes AveMiles City, MT 59301

Property Details for 2006 Haynes Ave

Year built

1978

Construction

WOOD

Lot size

2.71 AC

Property size (Sq ft)

14,104 SF

Zone code

6

Property type

Hotels

Property subtype

Motels

APN

14-1640-02-3-01-03-0000

APU

14164002301030000

Description

This exceptional 59-key Super 8 hotel in Miles City, Montana, presents a compelling investment opportunity. Built in 1985 and extensively renovated in 2020, this two-story, single-building property sits on a 2.71-acre lot at 2006 S Haynes Ave, Miles City, MT 59301. The hotel offers spacious rooms equipped with modern furnishings and amenities designed for guest comfort. Convenient guest laundry facilities and ample parking, including space for trucks, cater to a wide range of travelers. Its strategic location provides easy access to local attractions, making it an ideal base for both business and leisure visitors. The asking price for this well-maintained, established hotel is $3,600,000. This represents a chance to acquire a profitable asset in Montana's thriving hospitality sector. The property's recent upgrades and prime location contribute to its strong potential for continued success and return on investment. The hotel's established reputation and operational efficiency make it an attractive prospect for experienced hospitality investors seeking a turnkey operation in a desirable market. The property's size and amenities make it suitable for a variety of guest needs, ensuring consistent occupancy and revenue generation. This is a rare opportunity to own a successful hotel in a growing Montana market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,696,370

  6.5%

  $2,488,960

  7%

  $2,311,170

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,006,180

  Geo Method

  $990,482

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,520,160

  Retail / Commercial

  $3,362,640

  Mixed-Use / Specialty

  $3,365,730

  Office

  $3,361,440

  Institutional / Educational

  $3,504,390

  Residential Income

  $4,100,140

  Multifamily

  $4,833,900

  Automotive / Energy

  $3,003,760

  Parking / Income-Based Land

  $1,021,670

  Restaurant / Food Service

  $1,782,720

  Healthcare / Senior Housing

  $3,436,030

Location Insight

City

Miles City

County

Custer

State

Montana

Latitude

46.3898

Longitude

-105.822

Property Tax & Assessments

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