Current Use by Public Records
- Hospitality properties
Property Details for 477 Main St
- Year built
- 2021
- Lot size
- 1.40 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
Exceptional investment opportunity: Gravity Haus Moab, a 38-key hotel built in 2021, is offered at $12,500,000. This three-story, 31,500 square foot property sits on a 1.4-acre lot in downtown Moab, Utah (APN: 01-0001-0026). The hotel boasts amenities including an outdoor pool, two hot tubs, and two EV charging stations. Guest rooms feature complimentary Wi-Fi and in-room gear storage, catering to the adventurous Moab clientele. The property includes 74 parking spaces. A significant advantage is the inclusion of a 5,000 square foot retail space ("Gear Heads") under a 15-year lease, and a 2,500 square foot restaurant ("II Posto Rossa") owned by the hotel. This integrated approach ensures a robust revenue stream and strong synergy within the thriving Moab hospitality market. The property's impressive 7.00% cap rate and prime location make it an attractive investment for discerning buyers seeking a high-return hospitality asset in a sought-after destination. The building's modern design and recent construction (2021) minimize immediate capital expenditure needs. This turnkey operation presents a rare opportunity to acquire a well-established and profitable hotel in the heart of Moab's vibrant tourism sector.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Moab
- County
- Grand
- State
- Utah
- Longitude
- -109.55
- Latitude
- 38.5659
