809 Custer St Mackay, ID 83251
This exceptional investment opportunity presents the Wagon Wheel Motel and RV Park, a thriving hospitality business nestled in the heart of Mackay, Idaho. Originally constructed in 1947, this charming property boasts a rich history and has undergone extensive renovations over the past six years. The current configuration includes a 15-room motel, six rental cabins (one ADA-accessible), and ten RV spaces with full hookups, all situated on a 2.22-acre lot. The motel's 8,079 square feet are spread across six buildings, offering ample space for guests and operations. The property's location in Central Idaho makes it an ideal year-round destination for outdoor enthusiasts, attracting visitors interested in fishing, hunting, mountain climbing, and off-roading. This has resulted in consistent business growth over the past six years. The asking price is $1,995,000, representing a price per square foot of $246.94 and a compelling 10.50% cap rate. The property is zoned L06 and offered as a fee-simple ownership. This turnkey operation presents a rare chance to acquire a well-established and profitable business in a desirable location. The property's history, recent renovations, and strong performance make it an attractive investment for those seeking a hands-on ownership experience. The property is located at 809 Custer St, Mackay, ID 83251.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.