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Evergreen Motel

$3,500,000

808 Mineral, Libby, MT 59923

Active
Last Updated: 10/15/2024

7

Cap Rate

6,498 sqft

Building Size

Details:
Cap Rate:    7%
Building Size:    6,498 sqft
Lot Area:    18,731 sqft
Units:    17
Year Built:    1938
MlsNumber:    300345
Floors:    1
Parking Spots:    17
Year Last Renovated:    2018
Baths:    17
Highlights:
  • Annual Tax: $ 8558.06
  • Average Occupancy Rate: 71.0
  • Garage Description: No Garage
  • Area Amenities: Area Tennis
  • Heating Fuel Type: Electric
  • Exterior Description: Stone
  • General: Smoke Detector
  • Rooms: Guest Suite
  • Appliances: Washer
  • Lot Description: Access Type - Road
  • Flooring: Laminate
  • Area Description: Country Living
  • Kitchen Features: Breakfast Bar
  • Road Type: City / Town Street
  • Roof: Metal Roof
  • Pre Wiring: Cable
  • Interior: Blinds
  • Lot Size: 1/2 - 1 Acre
  • Cooling: Central A/C
  • Heating Type: Heat Pump
  • Sewer: City
  • Views: Mountain
  • Exterior Living Space: Patio
  • Water: City Water
Description:

Discover an incredible opportunity to own a beautifully remodeled 17-room motel, proudly rated #1 in town! This thriving property is perfectly situated in the heart of downtown, and has a stellar reputation. The Evergreen boasts a strong customer base and excellent online reviews. The property features well-maintained gardens enhancing its curb appeal and creating a relaxing environment for guests. Located within walking distance to major amenities, including restaurants, shops, and entertainment, ensuring a steady flow of guests. With a robust reputation and prime location, this is an incredible investment opportunity. The Evergreen is not just a place to stay—it's a thriving business with excellent growth potential. The cap rate is 6.5%. There is an additional opportunity; the option to buy the house next door which is perfect for an owner-occupied residence or staff accommodation. Please inquire for more details. Contact Ashley Miner at 406-293-0951 or your real estate professional.

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