1223 Broadway Avenue S
Red Lodge, Montana 59068
MLS #395247 | $4,500,000Listing Details
- 22926Sq Footage
- 2.42Acres
- $4,500,000Price
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.
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Additional Features
- Building Area Total
22926 - City
Red Lodge - Contract Status Change Date
2024-08-26 - Cumulative Days On Market
51 - Directions
Located right on Broadway! - Latitude
45.173726 - Listing Contract Date
2024-08-26 - Listing Key
1081852013 - List Price
4500000 - Living Area
22926 - Longitude
-109.251395 - Lot Size Acres
2.42000 - Lot Size Square Feet
105415 - MLS Area Major
Other Counties/ State - MLS Area Minor
12 M - Other Montana Counties - MLS Status
Active - Original List Price
5000000 - Originating System Name
S W M T - Ownership
Full - Parcel Number
1084601 - Parking Features
Assigned - Photos Count
31 - Postal Code
59068 - Property Sub Type
Building Business - Property Type
Commercial Sale - Standard Status
Active - Tax Annual Amount
20685 - Tax Legal Description
3 separate parcels and legal descriptions. call for details - Tax Year
2023 - Unparsed Address
1223 Broadway Avenue S - Year Built
1989
Contact So Red About This Listing
Listing Provided By PureWest Christies Intl Real Estate - Belgrade, Chris Awe
Information provided by Big Sky Country MLS is compiled from miscellaneous sources. Neither the Association, listing brokers, agents or subagents are responsible for its accuracy. MLS users should be advised and should advise prospective purchasers to verify all information regarding the property by their own independent investigation prior to submitting an offer to purchase the property.
