$1,400,000
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405 WINKELMAN Avenue Marbleton, WY 83113
1.93 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Marbleton
MLS Listing ID 21-2323
Sold Date 11/30/21
HOA Y/N No
Annual Tax Amount $5,206
Tax Year 2020
Lot Size 1.930 Acres
Acres 1.93
Property Sub-Type Commercial
Source Teton Board of REALTORS®
Property Description
Unbelievable opportunity to own this iconic hotel and restaurant in Marbleton Wyoming. Family owned and operated since 1982, this 34 room hotel has been lovingly cared-for and improved over the years. In addition to the hotel, this business comes with a full-service restaurant with up-to-date kitchen and a full liquor license. Restaurant closed last year due to COVID, but has always been a bustling part of the community. Spacious apartment is attached to the hotel and is perfect for staff or owner. Owner has reinvested over $500k in the last 10 years to update the property. Cap rate estimated at 8.5% without restaurant revenues. So much upside to this business and possibilities galore! This is a perfect 1031 exchange opportunity for anyone looking for a high CAP rate.
Location
State WY
County Sublette
Community Marbleton
Area 14A - So Sublette County & So Lincoln County
Interior
Heating Heat Pump
Cooling Wall Unit(s)
Exterior
Roof Type Shingle
Building
Sewer Public Sewer
Water Public
Others
Tax ID 30113011900100
Horse Property No
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