$1,800,000
1285 S ARNEL LN Moab, UT 84532
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$1,800,000
Est. payment /mo
0.83 Acres Lot
Active
1285 S ARNEL LN Moab, UT 84532
UPDATED:
04/24/2024 10:08 AM
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1994055
Construction Status Blt./Standing
HOA Y/N No
Year Built 1972
Annual Tax Amount $3,308
Lot Size 0.830 Acres
Acres 0.83
Lot Dimensions 0.0x0.0x0.0
Property Description
Located in the heart of Moab, adjacent to Mill Creek Drive and in the center of one of Moab's major redevelopment districts, this distinctive short-term rental property offers a prime investment or boutique lodging opportunity. Just moments away from the lively downtown area, this property includes a charming collection of vintage trailers, a classic residence, a communal laundry/washroom, and an authorized lodging permit, presenting an eclectic and rare asset in Moab's restrictive short-term rental market. Nestled within a bustling short-term rental area along Mill Creek Drive, this property benefits from high visibility and access, making it ideal for short-term rentals. This property is minutes from numerous popular intersections including Spanish Valley Drive - Mill Creek Drive, and Mill Creek Drive - Highway 191/Aggie BLVD, home to Moab's new state-of-the-art USU campus. Also worth noting is the planned Spanish Valley Multi-Use Pathway that will enable better and safer pedestrian traffic along Mill Creek Drive and Spanish Valley Drive. Zoned for Highway Commercial use and including an approved Permit for Short-Term Rentals, it allows for a variety of business activities including the coveted option for short-term rentals-a scarce and valuable feature in Moab. This property stands out as a unique opportunity in a key redevelopment area, perfect for an investor looking to capitalize on a mix of commercial flexibility.
Location
State UT
County Grand
Area Moab Valley; Pack Creek
Zoning Commercial
Interior
Fireplace No
Exterior
Waterfront No
View Y/N No
Present Use Commercial
Private Pool false
Building
New Construction No
Construction Status Blt./Standing
Others
Senior Community No
Tax ID 02-0007-0014
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Summit Sotheby's International Realty
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Utah Best Real Estate Presidio
Realtor, Team Lead, Owner Utah Best Real Estate Team | License ID: 6074617