19825 Hwy Polson, MT 59860

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.