19825 Hwy Polson, MT 59860
- Hospitality properties
- 0.95 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 19825 Hwy
- Year built
- 1949
- Lot size
- 0.95 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a 43-key motel in Polson, Montana, boasting stunning Flathead Lake views. The property, situated on a 0.946-acre lot at 19825 Hwy 93, Polson, MT 59860, features 42 beds and 44 parking spaces. Built in 1949 and recently updated, this two-story motel operates under a permitted HZCD zoning designation. Currently achieving a 40% occupancy rate, the property generates a Net Operating Income (NOI) of $170,000, with a projected NOI of $190,000 by October 10, 2024, resulting in a pro-forma cap rate of 5.76% (current cap rate 5.15%). The asking price is $3,299,900. This value-add investment presents a compelling opportunity to capitalize on the growing tourism in the Flathead Lake area. The motel's charming architecture and updated rooms offer a comfortable and inviting atmosphere for guests. The property's location provides easy access to outdoor recreational activities and the natural beauty of the region. This is a rare chance to acquire a well-positioned hospitality asset with significant upside potential. There is no ground lease associated with this property.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Polson
- County
- Lake
- State
- Montana
- Longitude
- -114.156
- Latitude
- 47.694
