Active

1223 Broadway Avenue S

Red Lodge MT, 59068

$4,500,000


$196.28 per sqft

Active

22,926 sqft

Commercial

Built in 1989

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.

395247

MLS ID

August 26, 2024

Listed

November 22, 2024

Updated

Map

1223 Broadway Avenue S
Red Lodge MT, 59068

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

2.42 Acres

Other Property Details

Area Name

Other Counties/State


Taxes

$20,685


Tax Frequency

Annually


Days on Market

51


Garage

No


Parking

Assigned


View

No


County

Carbon


Pool

No


Zoning

C-3-S

Listing History

Date

Event

Price

10/15/2024

Price change

$4,500,000

-10%

 

Courtesy of Chris Awe, PureWest Christie's Int'l Real Estate - Belgrade

Based on information from Big Sky Country MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Melinda Jeffrey shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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