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Key Details
Sold Price $1,875,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1590093
Sold Date 09/15/20
Construction Status Blt./Standing
HOA Y/N No
Year Built 1978
Annual Tax Amount $7,359
Lot Size 4.530 Acres
Acres 4.53
Lot Dimensions 0.0x0.0x0.0
Property Description
CASTLE VALLEY Bed and Breakfast -Located in the 'Opportunity Zone', 11% Cap Rate and Seller Financing Available.- A scenic 16-mile drive from downtown Moab, you will find this wonderful parcel of land with a "grandfathered in" income generating business, ready for you to take the helm. This well cared for property comes equipped with both a water well as well as irrigation rights, allowing you to build upon the already flourishing 60 tree orchard and gardens. Comprised of three buildings (8 rent-able spaces w/ 8 bathrooms, 2 bed/1 bath innkeepers quarters), this thriving bed and breakfast business is included in the sale price, providing you ample income as you settle into your new lifestyle, with an inn keepers quarters providing you living quarters as well. This bed and breakfast is the ONLY permitted bed and breakfast in Castle Valley, ensuring zero competition in the immediate future and area. The property has a total of 3 buildings, a detached 2 car garage, outdoor dining, hammocks, frisbee golf, lush flower beds and a hot tub surrounded with a deck. The current owners have done a fabulous job nurturing the grounds to provide you with green grass, lush trees, happy wildlife, and bountiful fruit. Enjoy breathtaking views of Parriott Mesa, the La Sal Mountains, and the milky way with Castle Valley's incredible landscape and dark skies from the hot tub or various seating areas on the property. Walk the grounds listening to the sounds of Castle Creek that borders the property, and enjoy cascading shade from the mature trees and the sound of rustling leaves from the deep-rooted cottonwood trees in the summer. This property offers the perfect mix of southwestern lifestyle with an incredible business opportunity. The neighboring property and home are available for sale in conjunction with the bed and breakfast. Contact listing agent for more information. Seller financing available.
Location
State UT
County Grand
Area Moab Valley; Pack Creek
Zoning See Remarks, Single-Family
Direction Travel to Castle Valley, turn onto Castle Valley drive, left on Amber lane and the property is the last one on the right hand side. Do not go onto the property without an appointment.
Interior
Interior Features Basement, Dishwasher, Fireplace, Kitchen, Laundry: Central, Range/Oven, Refrigerator
Heating Electric, Forced Air, Propane, Baseboard
Cooling Window Unit(s)
Flooring Carpet, Hardwood, Laminate, Tile
Fireplace false
Window Features Blinds,Drapes
Appliance Furniture, Good Will, Real Estate, Supplies
Exterior
Exterior Feature See Remarks
Utilities Available Gas: Propane
View Y/N No
Roof Type Asphalt,Metal,Pitched
Present Use Commercial
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 09-0000-0421
Acceptable Financing Cash, Commercial Fin. Req., Exchange, Seller Finance First
Horse Property Yes
Listing Terms Cash, Commercial Fin. Req., Exchange, Seller Finance First
Financing Seller Financing
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Bought with Berkshire Hathaway HomeServices Utah Properties (Moab)
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Kelli Stoneman
Broker Associate | License ID: 5656390-AB00
Broker Associate License ID: 5656390-AB00