Antlers Inn

$3,180,000

423 W Main St, Vernal, UT 84078

AVAILABILITY:

Active

LOT SIZE:

1.30

PROPERTY TYPE:

Hotel

year built:

1953

TRANSACTION TYPE:

BUILDING SIZE:

22,262

APN/PARCEL ID:

BUILDING CLASS:

# of units

BROKERAGE OF RECORD:

PROPERTY HIGHLIGHTS

Property description

Antlers Inn in Vernal, Utah, offers a prime investment opportunity with 44 guest rooms on 1.3 acres along Main Street. The property features modern amenities, a seasonal outdoor pool, an indoor hot tub, a business center, and a fitness facility. It will have a "soft branding" affiliation with Choice Hotels-EconoLodge, including $240,000 in key money and minimal PIP requirements. Approved RAMP grant for solar panels. Additional highlights include a $99,000 REMP Grant for solar panels and zoning that allows a 40% Vernal City reimbursement for exterior improvements up to $100,000. With no new hotel construction in the pipeline and a 4-star TripAdvisor rating.