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    808 Mineral Ave Libby, MT 59923

    For Sale
    $3,500,000

    17-Room Hotel, Top-Rated, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Exceptional investment opportunity: a beautifully remodeled, 17-unit hotel in downtown Libby, Montana. This thriving establishment, consistently ranked #1 in the city, boasts a strong customer base and outstanding online reviews. Built in 1938, the property sits on a spacious 18,731 square foot lot and features well-maintained gardens, enhancing its curb appeal and creating a relaxing atmosphere for guests. Its prime downtown location offers convenient access to restaurants, shops, and entertainment venues, ensuring a steady stream of visitors. The hotel's robust reputation and excellent location contribute to a 7% cap rate, presenting significant growth potential. An added benefit is the option to purchase an adjacent house, ideal for owner occupancy or staff housing. This turnkey operation is priced at $3,500,000 and represents a rare chance to acquire a highly successful, established business in a desirable location. The address is 808 Mineral Avenue, Libby, MT 59923. Further details are available upon request.

    Property Features for 808 Mineral Ave

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    1938
    Units
    17

    HighLights

    • $3,500,000 asking price.
    • 17‑unit hotel in Libby, Montana.
    • Mixed‑use property, built in 1938, on an 18,731 sq ft lot.
    • Located in downtown Libby, near restaurants, shops, and entertainment.
    • Currently operating as a successful motel with a strong reputation and high online ratings.
    • 7% cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Evergreen Motel Motel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Libby
    County
    Lincoln
    State
    Montana
    Longitude
    -115.5548069
    Latitude
    48.3884415

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    FAQs

    What type of property is this?
    Hotel - 17-Room Hotel, Top-Rated, High ROI
    Where is this hotel located?
    The property is located at 808 Mineral Ave Libby, MT.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: $3,500,000 asking price.; 17-unit hotel in Libby, Montana.; Mixed-use property, built in 1938, on an 18,731 sq ft lot.
    Request Owner's contact information
    808 Mineral Ave Libby, MT 59923
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    Libby, MT 59923
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    808 Mineral Ave Libby, MT 59923
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