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63 E MAIN, Bicknell, UT 84715
$1,400,000
63 E MAIN, Bicknell, UT 84715
Type
SFR
List Price
$1.40M
Price/Sqft
$318
Est Gross Yield
1.3%
$18,120/yr est.
Property Details
Description
3 bedroom, 2 bath home together with The Sunglow Motel and Restaurant A true mom and pop business located in one of the best recreation areas in Southern Utah! This is an opportunity to purchase a business and home in a growing popular town near a national park. The sale includes a 15-unit motel, restaurant and 3-bedroom residence on 1 acre corner lot on Bicknell Main Street. The current owners completely renovated the entire property. They have decided the motel and restaurant business is not for them, but they will be leaving the entire property in perfect condition, waiting for a new owner who would welcome the chance to operate their own business and have a nice home. The motel has been updated with a new metal roof, new flooring and furnishings, with mini split systems in each room. All equipment, furniture, and linens are new and included. The restaurant is delightful with a updated 1300 sq foot open dining area with windows all around, filling the space with light and overlooking the Bicknell Bottoms and the massive Boulder Mountain. All furniture, fixtures and equipment included. There is a new 5-ton roof mount HVAC. The three- bedroom, two bath home is comfortable and refreshed with new flooring, updated kitchen and bathrooms, as well as four new mini-split systems for heating and cooling. The home has an open living area, formal dining, and kitchen with breakfast bar. It is possible to create a two-bedroom apartment with a separate entrance for employees or a rental. This is just one of the many features that make this an ideal property, for an innovative, enterprising buyer who would like to own a business in a beautiful, popular recreation area.
Listed by Cathy Bagley · Boulder Mountain Realty, Inc.
Location
63 E MAIN, Bicknell, UT 84715
Proforma
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Cap Rate
0.86%
Cash-on-Cash
-10.18%
Cash Flow
-$4,452/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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