Vernal Inn

590 West Main Street | Vernal , Utah 84078
For Sale

Confidentiality Agreement

Confidentiality agreement sub heading

I have read and agree to the Confidentiality Agreement

Agreement

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 Details

Property Description

Introducing Vernal Inn, a highly lucrative investment opportunity located in the vibrant city of Vernal, Utah. This exceptional property not only offers immense potential for multiple uses but also provides attractive seller financing options that make it even more enticing for potential investors.

Vernal Inn presents an ideal opportunity for overnight use as a hotel. With its strategic location and well-maintained facilities, the property is perfectly positioned to cater to the growing demand for accommodations in the area. Visitors will appreciate the comfortable and inviting atmosphere, coupled with modern amenities, ensuring a memorable stay for every guest.

Furthermore, Vernal Inn holds immense potential as a redevelopment project. Its flexible zoning and prime location offer the chance to transform it into a dynamic mixed-use development. Imagine creating a vibrant space that combines commercial establishments, residential units, and recreational amenities, catering to the diverse needs of the local community and attracting visitors from near and far.

For investors interested in the housing market, Vernal Inn offers the opportunity for a multi-family conversion. The property can be transformed into stylish apartments, modern condominiums, or even Airbnb units, capitalizing on the growing demand for long-term rentals or short-term stays.

In addition to its versatile potential uses, Vernal Inn provides seller financing options that are hard to ignore. With a reasonable down payment of 25% and favorable financing terms, including a competitive interest rate of 7%, a 20-year amortization period, and a balloon payment due in 5 years, this property presents a unique opportunity for investors seeking both financial flexibility and solid returns.

Don’t miss out on this extraordinary chance to acquire a valuable property in Vernal, Utah. Whether you envision it as a successful hotel, a dynamic mixed-use development, or a sought-after residential complex, Vernal Inn offers the perfect combination of location, potential uses, and seller financing options. Contact us today to learn more about this remarkable investment opportunity and secure your stake in Vernal’s prosperous future.

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Property Amenities

  • Restaurants
  • Grab & Go Options
  • Microwave
  • Free Wifi
  • Onsite Laundry Room

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

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
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

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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