Color Country Motel Panguitch Utah

526 N Main Street | Panguitch | Utah | 84759


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All materials and information received or derived from Apex Commercial Real Estate, LLC. KW South Valley Keller Williams its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without

representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, develop-ability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither Apex Commercial Real Estate, LLC. KW South Valley Keller Williams, its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such parties. Apex Commercial Real Estate, LLC. KW South Valley Keller Williams will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

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Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations, including through appropriate third-party independent professionals selected by such parties. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. Apex Commercial Real Estate, LLC. KW South Valley Keller Williams makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. Apex Commercial Real Estate, LLC. KW South Valley Keller Williams does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Apex Commercial Real Estate, LLC. KW South Valley Keller Williams in compliance with all applicable fair housing and equal opportunity laws.

Property Highlights

  • Apex Commercial Real Estate Services | KW South Valley Keller Williams is blessed to present the marketing package for the Time-Honored Color Country Motel . The motel is a small metro 26 room 2 story economy motel in Panguitch Utah. This motel is 30 minutes’ drive from Bryce Canyon & Zion’s National Park, roughly about an hour away from Grand Canyon National Park. With the right flag such as Travelodge, Econolodge or a Roadway Inn and their perspective reservation systems this mighty 26 room motel could increase their bottom line dramatically. In turn this property is also perfect for a multi family conversion of 26 studio apartments. Guests can take advantage of the BBQ facilities offered onsite .

Property Details

  • Available SF: 42,689 SF
  • Price: $ 1,200,000
  • Transaction Type: For Sale
  • Property Type: Hotel
  • Property Sub Type: Boutique
  • Building Size: 17,277 SF
  • Lot Size: 0.98 AC
  • Sale Type: Owner User
  • Year Built: 1979
  • No. Stories: 2
  • Zoning Description: C-3
  • APN/Parcel ID 07-0063-0530
  • Availability: Active Listing

Property Description

Keller Williams South Valley Realty Logo

Possible Branded Asset / Multi Family Conversion
To brand the Color Country Motel the potential new owner would have to contact and apply for a franchise from Wyndham, IHG, Choice, Travelodge or Motel 6. At which time the franchise would issue a property improvement plan.
The possibility of a multi family conversion would mean the addition of larger fridges, dishwashers and ranges. Currently there are no studio apartments in the area. Typical rents between $800 – $1,000 / MO.

High Visibility Location
The motel is visable from Highway 89 / Main Street on the North end of the City of Panguitch.

Right Business For You
Ideal potential investor of the Color Country motel would have to be an owner operator that either lives in the area, can commute, or has a property manager to facilitate the day to day operations. If the potential new investor is looking to convert to multi family they would need to be savvy in remodel and renovation as well as have the resources and connections to contractors that are capable of completing the conversion to the standards of the potential investor, city and county.

Property Size
The Color Country motel sits eloquently on 0.98 acres or 42,689 SqFt with the motel sitting on 17,277 SqFt.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

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Total Expenses
$ 0.00
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Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

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Lease Expires

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