Siesta Motel Salt Lake City

3109 South State Street | Salt Lake City | Utah | 84115 Back to Properties


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Confidentiality Agreement

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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.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

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 | KW South Valley Keller Williams is ecstatic to broadcast the sale of the iconic Siesta Motel in Salt Lake City, Utah, a beautifully renovated 22 room unbranded motel, just north of 3300 South and State Street. The current ownership purchased the Siesta Motel in the fall of 2005. The current owners planned on running the motel and eventually restoring the Siesta to its prior glory. In 2012 their dream came to fruition when they obtained a construction loan from Zions Bank to revitalize the motel. The ownership added a managers quarters, as well as furnishing new case goods, POS system, roof, new parking surface and striping, paint, carpet, and beds. After the renovation, the motel saw a great increase in rooms rented. With a prime state street location with attractions minutes away from the motel their is rarely any vacancy.

Property Details

  • Available SF: 19,166 SF
  • Transaction Type: Under Contract
  • Property Type: Hotel
  • Property Sub Type: Independent Motel
  • Building Size: 7,210 SF
  • Lot Size: 0.44 AC
  • Sale Type: Fee Simple
  • Building Class: B
  • Year Built: 2012
  • No. Stories: 1
  • Parking: 1:1.09
  • Zoning Description: CC
  • Cross Streets: State Steet & 3300 South
  • APN/Parcel ID 16303050340000
  • Availability: Under Contract

Property Description

Capital Improvements

After purchasing the original Siesta Motel the owners ran and operated the property for seven years, at that time the ownership obtained a loan from Zions Bank to demolish and rebuild the Motel. Their main focus was to restore the property to its iconic look, while giving the operating manager a quarters to live in, a new roof, beds,televisions, tables, sinks, bath tubs and showers, beds, sheets, pillows, point of sale systems, windows, paint, carpet, and resurfacing the parking lot as well as adding new paint striping.

State Street Location

The Siesta is positioned on the east side of State Street just north of 3300 South, one of the major Interstate 15 exits in Salt Lake City. With downtown attractions, such as the Utah Jazz mere minutes away.

Right Business For You

This stauesque motel is an all around package deal designed for the serial entrepreneur. Crafted with everything one needs to establish success and diversity from the surrounding businesses, with the location in prime real estate. With nightly and hourly rates accepted this hotel has a presumed occupancy of over 100%. We speculate that the income far exceeds the amount on the financials. Taking into consideration the close proximity to Salt Lakes China Town, Downtown Salt Lake City, bars, restaurants, movie theaters, the interstate, Temple Square, The Utah Jazz, Utah Grizzlies, University Of Utah, and Salt Lake Community College. This Motel offers a complete package deal, and full optionality as to how the new management will run the Iconic Siesta Motel.

Property Size

The Siesta Motel straddles 0.44 acres, with a total square footage of 19,166 square feet, and an above ground square footage of 7,210, a total of 24 parking stalls, and managers quarters.

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Property Amenities

  • Free WiFi
  • Free Parking
  • ADA Accessible
  • Air Conditioned Rooms
  • Hourly Rentals for the on the go businessman
  • Nightly Rentals

Nearest Airport

Salt Lake International Airport
Drive Time: 14 Minutes
Distance: 10.8 Miles

Financial Summary (Actual - )

Annual Annual Per SF
Gross Rental Income: - -
Other Income: - -
Vacancy Loss: - -
Effective Gross Income: - -
Net Operating Income: - -

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