808 Mineral Ave Libby, MT 59923
- Hotels
- 2,016 SF
- 0.43 lot acres
Current Use by Public Records
- Evergreen Motel / Motel
Property Details for 808 Mineral Ave
- Year built
- 1938
- Construction
- WOOD
- Lot size
- 0.43 lot acres
- Property size
- 2,016 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 56-4175-03-3-24-02-0000
- APU
- 56417503324020000
Description
Exceptional investment opportunity: a beautifully remodeled, 17-unit hotel in downtown Libby, Montana. This thriving establishment, consistently ranked #1 in the city, boasts a strong customer base and outstanding online reviews. Built in 1938, the property sits on a spacious 18,731 square foot lot and features well-maintained gardens, enhancing its curb appeal and creating a relaxing atmosphere for guests. Its prime downtown location offers convenient access to restaurants, shops, and entertainment venues, ensuring a steady stream of visitors. The hotel's robust reputation and excellent location contribute to a 7% cap rate, presenting significant growth potential. An added benefit is the option to purchase an adjacent house, ideal for owner occupancy or staff housing. This turnkey operation is priced at $3,500,000 and represents a rare chance to acquire a highly successful, established business in a desirable location. The address is 808 Mineral Avenue, Libby, MT 59923. Further details are available upon request.
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
- -115.555
- Latitude
- 48.3885
