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
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