IN CONTRACT – The seller will consider offers in backup position only.
Independent Economy Hotel with RV & Camping Sites
The Sacajawea Inn is a 24 key economy exterior corridor historic hotel. Built in 1950 and updated throughout the years, this hotel sits on ~1.82 acres of owned land. Located only half a mile from the Salmon city center, the hotel has excellent Highway 93 frontage and access. The property includes 9 RV sites with full hookups that also serve as seasonal tent camping sites. Bathrooms and showers, as well as guest laundry, are available for RV & camping guests.
Hotel features a front office and lobby and a recently-updated restaurant. The dining area may be used for gatherings or meeting space if desired. Charming murals by a local artist are prominent throughout the hotel.
Room mix includes Queen Singles and Doubles with private bathrooms, 2 Bedroom lockout unit with shared central bathroom, 2 Bedroom Kitchenette Suite with private bathroom, and Studio rooms with shared bathroom access. Guest room amenities include microwaves, refrigerators, free WiFi, flatscreen TVs, use of guest laundry.
Property includes a 3 bedroom, 2 bathroom Owner/Manager’s Quarters. The residence is ~1769 sq. ft with a living room, fireplace, full kitchen, fenced-in back yard, and private entrance. The property may have the potential to expand. Any expansion subject to Buyer’s confirmation of permitted uses and space.
Salmon is a scenic mountain-town with rustic origins in mining, lumbering, and family ranching. Over the years it has evolved into a vibrant collection of art galleries, museums, restaurants, and a community of outdoor enthusiasts. Known as the gateway to some of the last wild river systems in America, the area around Salmon, Idaho is full of beautiful trails, winding rivers, and soothing hot springs that draw tourists from around the world. The Lemhi County Airport provides easy travel access directly to Salmon. The city is also an easy drive from major metropolitan areas, located just 3.5 hours from Helena, Montana, and 5 hours from Boise, Idaho.
- 12.21% Cap Rate, 23.92% ROI & 3.17 GRM
- Seller Financing Available
- Spacious 3 Bedroom Owner’s Quarters
- Includes Dining Area & Meeting Space
- Highway 93 Access & Frontage
- Tent Sites & RV Parking with Full Hookups
- May Have Potential For Expansion
- Province / State: Idaho
- City / Town: Salmon
- Postal code / ZIP: 83467