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590 West Main Street, Vernal UT 84078
Active
1.05 acres
Hotel
38,432
41
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Vernal Inn presents an ideal opportunity for overnight use as a hotel. With its strategic location and well-maintained facilities, the property is perfectly positioned to cater to the growing demand for accommodations in the area. Visitors will appreciate the comfortable and inviting atmosphere, coupled with modern amenities, ensuring a memorable stay for every guest. Furthermore, Vernal Inn holds immense potential as a redevelopment project. Its flexible zoning and prime location offer the chance to transform it into a dynamic mixed-use development. Imagine creating a vibrant space that combines commercial establishments, residential units, and recreational amenities, catering to the diverse needs of the local community and attracting visitors from near and far. For investors interested in the housing market, Vernal Inn offers the opportunity for a multi-family conversion. The property can be transformed into stylish apartments, modern condominiums, or even Airbnb units, capitalizing on the growing demand for long-term rentals or short-term stays. In addition to its versatile potential uses, Vernal Inn provides seller financing options that are hard to ignore. With a reasonable down payment of 25% and favorable financing terms, including a competitive interest rate of 7%, a 20-year amortization period, and a balloon payment due in 5 years, this property presents a unique opportunity for investors seeking both financial flexibility and solid returns. Don’t miss out on this extraordinary chance to acquire a valuable property in Vernal, Utah. Whether you envision it as a successful hotel, a dynamic mixed-use development, or a sought-after residential complex, Vernal Inn offers the perfect combination of location, potential uses, and seller financing options.
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