1702 State StMeeteetse, WY 82433

Property Details for 1702 State St

Year built

1976

Construction

FRAME

Lot size

2.68 AC

Property size (Sq ft)

3,556 SF

Property type

Hospitality properties

Property subtype

Motels

APN

16480000423011

APU

16480000423011

Description

This exceptional investment opportunity presents a thriving 3,556 sq ft motel and RV park nestled in Meeteetse, Wyoming, just two hours from Yellowstone National Park. The property boasts 12 motel rooms and 7 cabins, all with stunning Greybull River views. Thirteen fully-hooked RV sites cater to outdoor enthusiasts. The two-story, 1976-built property sits on 3.8 acres of prime riverfront land in the town's center, offering easy access to fishing, kayaking, and hiking. Recent updates include new roofs and remodeled rooms. Included in the sale are all necessary operating equipment, linens, furniture, and maintenance items. A separate owner's house/front desk/laundry facility is also on the property. City water and sewer services are available. The property features a metal roof, natural gas heating, and window air conditioning units. Detailed financial records are available. This turnkey operation presents a unique opportunity for a seasoned hotelier, RV park enthusiast, or investor seeking a profitable venture in a picturesque setting. The property includes a website, phone number, and all current promotional materials. Additional structures include mechanical and storage buildings. The asking price is $799,000.

• CAP approach

  CAP return

  Valuation

  6%

  $896,916

  6.5%

  $827,922

  7%

  $768,785

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,113,292

  Geo Method

  $690,422

• Alternative Use

  Use

  Valuation

  Residential

  $903,850

  Hospitality

  $827,922

  Educational

  $688,821

  Medical

  $712,511

  Retail

  $1,071,500

Location Insight

City

Meeteetse

County

Park

State

Wyoming

Latitude

44.1594

Longitude

-108.873

Property Tax & Assessments

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