$4,500,000
( $196.28Per Sq Foot )
 $24,157 est/mo Sourced by Back At You

1223 Broadway Avenue S , Red Lodge, MT 59068

Red Lodge, MT 59068

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Description

Offered at roughly 10% CAP. Very profitable, and fantastic opportunity to own one of the, if not the most highly consumer rated hotels in Red Lodge, MT. Situated on +/- 2.42 acres on Broadway Ave S (aka Beartooth Highway), this +/- 20,000 sqft hotel (49 keys), and Hideaway Cabins present a very unique opportunity. The fully remodeled hotel is complete with an indoor swimming pool & spa, fitness center, and great visibility and proximity to downtown Red Lodge. The 4 Hideaway cabins sit amongst the trees, and on a siteplan that was drawn to accommodate 16 cabins in total. Beyond the further development of the Cabin sites, additional acreage could made available.. Maybe RV park, or future expansion (contact agent for details). As a gateway to Yellowstone Park, and Beartooth Highway, Red Lodge, MT is a high tourism location. Inquire with Agent for financials and more details. This is a very productive hospitality asset, that has undergone substantial renovation & upgrades, and does possess great upside for expanded growth and operations. This is an active business, please direct all inquiries to agent.

Details

MLS#395247
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1989
Days On Site167
Listing Provided ByPureWest Christie's Int'l Real Estate - Belgrade | Chris Awe

Features

SQ Feet22,926
ZoningC-3-S
Acreage2.42
All information is deemed reliable; however, it is not guaranteed and should be independently verified. Real Estate offerings are subject to error, omissions, prior sale, change, withdrawal without notice and approval of seller. Properties are provided courtesy of Big Sky Country MLS. 

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Listings Checked: 4 minutes ago
StateMT
CountyCarbon
CityRed Lodge
Zip Code59068
AreaOther Counties | State
Subarea12M Other Montana Counties
Listing VS Median (in 59068)
Price:
$4,500,000
low | high
Med:
$974,999
100% of Average
SqFt:
22,926
low | high
Med:
3,050
100% of Average
$ / SqFt:
$196
low | high
Med:
$320
12.862128043716% of Average
On Site:
167
low | high
Med:
284.000000
58.802816901408% of Average
Sourced by Back At You
Listing Updated: January 6, 2025 at 10:15:29 AM PST