7877 Us-89 Wellsville, UT 84339
- Hospitality properties
- 86,136 SF
- 23.12 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 7877 Us-89
- Year built
- 1975
- Lot size
- 23.12 lot acres
- Property size
- 86,136 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional 93-bed luxury hotel, nestled on 23.12 acres in the serene Wellsville Mountains of Cache County, Utah, presents a unique investment opportunity. Recently renovated in 2023, this two-building, three-story property boasts 86,136 square feet of space and offers a compelling value-add proposition. The property features a 10-room spa with sauna, an indoor pool and hot tub, a state-of-the-art fitness center, a spacious 20,000-square-foot conference area, and a full-service restaurant with a separate dining area. Outdoor amenities include a tennis court and horseshoe pits. An existing condo building with 42 deeded condos offers significant expansion potential for additional beds, depending on the chosen layout. The property is zoned PRD and enjoys convenient access to US-89, with Logan and Logan Regional Hospital just a short drive away. The proximity to Utah State University, known for its rehabilitation counseling program, provides access to a skilled workforce. The asking price is $10,000,000, with a pro-forma NOI of $9,913,017 and a pro-forma cap rate of 99.13%. The property's stunning mountain setting, coupled with its diverse amenities and strategic location, makes it an ideal investment for hospitality, assisted living, or rehabilitation services. The property's infrastructure supports the potential addition of 39 more condo units. This is a rare opportunity to acquire a fully renovated, high-amenity property in a desirable location with significant upside potential.
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
- Wellsville
- County
- Cache
- State
- Utah
- Longitude
- -111.983
- Latitude
- 41.5891
