1424 W Pine St Pinedale, WY 82941
82-key hotel with restaurant and strong income potential.
Type:Hospitality
Property size:
42,693 SFLot size:
2.31 Acres- Added:
- Sep 25, 2024
- Days on Market:
- 559
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 1424 W Pine St
General Information
- Standard status
- Active
- Size
- 42,693 SF
- Lot size
- 2.31 Acres
- Property subtype
- Hospitality
Building Details
- Year Built
- 2005
Listing agent Kody M. Watts License #WY RE-15364
Listing office Keller Williams Realty Western Trails
Listing date Sep 25, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Western Trails
Overview
Pinedale Hotel: Investment Opportunity
The Pinedale Hotel is an 82-key interior corridor hotel situated on 2.31 acres of land. Constructed in 2005, the building encompasses 42,693 square feet. The hotel features a heated indoor pool, hot tub, continental breakfast area, fitness center, business center, and on-site spa. Additionally, the property includes a 1,057 square foot restaurant space leased until 2029. The lease agreement stipulates that 40% of the restaurant's net revenue goes to the property. The restaurant recently obtained a liquor license. The hotel's location and the presence of a restaurant are expected to attract guests throughout the year, particularly during the summer. The ability to accommodate extended-stay tenants provides long-term lodging, ensuring returns on investment for its owners. This property offers value-add potential with unrealized income.
Location Intelligence
Current Use by Public Records
Pinedale Hotel & Suites
Hotel & Motel
Mazzi Massage & SPA
Alternative Medicine Practice
The Grazing Goat WY
Restaurant
Location Insight
- Map
- Local Demand
- City
- Pinedale
- County
- Sublette
- State
- Wyoming
- Longitude
- -109.8815389
- Latitude
- 42.8659664
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - 82-key hotel with restaurant and strong income potential.
Where is this hotel located?
The property is located at 1424 W Pine St Pinedale, WY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 9.17% Cap Rate; Restaurant space lease provides additional income (40% of net revenue) until 2029.; Strategic location with limited hotel competition and on‑site restaurant.
