31901 Us Highway 2 Libby, MT 59923
- Commercial real estate
- 7,240 SF
- 1.19 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 31901 Us Highway 2
- Year built
- 1971
- Lot size
- 1.19 lot acres
- Property size
- 7,240 SF
- Property type
- Commercial real estate
Description
This exceptional 16-unit hotel in Libby, Montana, presents a compelling investment opportunity. Boasting 7,240 square feet on a 1.19-acre lot, the property is strategically located near local amenities, ensuring convenient access for guests. Each of the sixteen units is meticulously maintained, offering clean and comfortable accommodations. The hotel's prime location, just minutes from restaurants, shops, and area attractions, makes it a highly desirable choice for travelers. Operational efficiency is enhanced by a dedicated, livable on-site management space, allowing for seamless oversight. Guests can enjoy a relaxing outdoor area, perfect for unwinding after a day of exploring. Ample parking is available for both guests and staff. The hotel consistently demonstrates strong occupancy rates, reflecting its popularity in a thriving area. Further growth potential exists through the addition of amenities or services. The property's current cap rate is 5%, indicating a strong return on investment. The asking price is $2,200,000. This turnkey operation is ready for a new owner to continue its success.
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
- Libby
- County
- Lincoln
- State
- Montana
- Longitude
- -115.568
- Latitude
- 48.3962
