311 E Main St, Vernal, UT 84078
- $2,995,000
- List Price
- $2,995,000
- Status
- ACTIVE
- MLS#
- 2159941
- Days on Market
- 113
- Year Built
- 1982
- Parcel Number
- 05:020:0091
- Acres
- 1.06
- Terms
- Cash, Conventional
- County
- Uintah
- Region
- Vernal; Naples; Jensen
Property Description
Position your portfolio for steady cash flow and long term growth with this renovated 50 room and manager apartment hospitality property located in the heart of Vernal. This turnkey investment opportunity sits on 1.06 acres with 64 parking spaces and continues to benefit from strong tourism, energy, outdoor recreation, and business travel traffic throughout the Uinta Basin. Originally built in 1982, the property underwent major upgrades and improvements following a 2024 rebrand, creating a modern and welcoming experience for guests while reducing future capital expense concerns for a new owner. This property presents an outstanding opportunity for investors seeking a hospitality asset with strong curb appeal, updated infrastructure, and immediate operational potential. Its location in one of eastern Utah's busiest tourism and recreation corridors places guests within reach of national parks, dinosaur attractions, oil and gas industries, hunting, fishing, and year round outdoor recreation. Property sold "As Is", with no seller warranties.
Additional Information
- Taxes
- $6,759
- Exterior Features
- Paved Parking, Playground
- Interior Features
- Alarm: Fire, Kitchen, Laundry: Central, Mezzanine: Office, Range/Oven, Refrigerator, Restroom: Private, Video Camera(s)
- Floor
- Carpet, Tile
- Heating
- Electric, Forced Air
- Roof
- Asphalt, Metal
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Listing courtesy of Ashley Valley Realty, Inc..
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