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25448120
25448141

6506 Main St, Bonners Ferry, ID, Bonners Ferry, ID 83805

AH
ID SP58753
Berkshire Hathaway HomeServices Jacklin Real Estate
SS
ID 8661175
Listed by Berkshire Hathaway HomeServices Jacklin Real Estate
$1,750,000
318 days on market
Updated 12 days ago
Opportunity zone

Idaho Lodge & RV Park

Details
APN RPB00000345720A & 730A
Property Type Business for Sale, Hospitality (+1)
Sub Type Business and Building, Motel
Units 33
Beds 22
Cap Rate 9.25%
NOI $161,834
Tenancy Multi
Class B
Year Built 1949
Year Renovated 2024
Buildings 2
Stories 2
Acreage 1.810
Zoning commercial
Investment Type Owner/User
Ownership Sole

Business for Sale, 9.19% CAP Rate, Cash flowing RV Park, Motel, Lodge, Cash flowing motel, Idaho

Marketing description

9.19%+ Cap Rate. 280ft of prime highway frontage. Approx 8,240-11,941 Daily passing traffic. 12 unit Lodge. 20 space RV park with full hookups. North Idaho RV Park & Lodge for sale, middle of town walking distance from multiple Grocery Stores and restaurants, gorgeous setting with endless mountains and rivers The Lodge features a recently renovated open lobby with potential for a bar. Recently renovated 12 unit Lodge & 20 RV Full Hook-up sites. 280ft prime highway frontage, 1.85 Acres zoned as commercial in the city limits of Bonners Ferry, ID. 5 of the 12 lodge rooms have kitchenettes, a 1 bedroom 1 bath managers apartment with full kitchen. 2 full RV Showers & Bathrooms for staying guests. Large unfinished basement for possible 2 additional bedrooms and 1 bathroom. Massive unfinished attic. Full laundry & storage facilities. 3 Utility rooms.

Potential for vast improvement as you can easily increase revenues with some simple additions: Raise RV and Lodge Rates to meet market: $50k Additional Yearly Revenue

In the Lobby you can easily add Coffee Shop/Bakery, Beer and Wine Bar, and Gift shop with another $200k+ Additional Yearly Revenue. Vacant Highway frontage is perfect for a coffee/food trucks tenants $36k Additional Yearly Revenue. Potential to add nearly $300k in additional revenue!!

Investment highlights

9.25%+ Cap Rate. 280ft of prime highway frontage. Approx 8,240-11,941 Daily passing traffic. 12 unit Lodge. 20 space RV park with full hookups.

Potential for vast improvement as you can easily increase revenues with some simple additions: Raise RV and Lodge Rates to meet market: $50k Additional Yearly Revenue

In the Lobby you can easily add Coffee Shop/Bakery, Beer and Wine Bar, and Gift shop with another $200k+ Additional Yearly Revenue. Vacant Highway frontage is perfect for a coffee/food trucks tenants $36k Additional Yearly Revenue. Potential to add nearly $300k in additional revenue!!

Financials will be provided with a signed NDA Proof of funds before scheduling a showing. Buyer and buyer's agent to verify all information for accuracy. Please allow 48 hours notice for all showings. Managers will be onsite for all showings.

Rates for Lodge and RV space range during winter and summer seasons Lodge rate Night $130-250.

Weekly $500-1000. Monthly $1200-1500. RV space Night $40-65 weekly $250-400. Monthly $850-1500/RV consignment: Tenant gets free lot rent in trade for work

Listing Contacts

AH
ID SP58753
Berkshire Hathaway HomeServices Jacklin Real Estate
SS
ID 8661175
Listed by Berkshire Hathaway HomeServices Jacklin Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$161,834.00
$13,486.17/mo

Valuation Metrics

0
DSCR
9.25%
Cap Rate
9.25%
ROI

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Additional Information

Name
Andrew Hobbs
License
SP58753
Brokerage
Berkshire hathaway Jacklin Real estate
Brokerage Phone
2083043233
Brokerage Address
1927 West Riverstone Drive
Name
Sahib Singh
License
8661175
Brokerage
Keller WIlliams CDA
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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