1140 HWY, Jackson, WY 83001

$9,500,000

Property Type: Commercial Square Footage: 18,785 Lot Size (sq. ft.): 60,984 Status: Closed

Current Price: $9,500,000 List Date: 8/21/2020 Last Modified: 9/05/2024

Overview

Description

Opportunity for additional development available! The Teton Gables is a strong, mixed-use, operating asset centrally located at one of the most premier locations in Jackson Hole. This asset generates significant revenue from multiple streams; Cutty's Bar and Grill is a local's favorite spot and longtime restaurant tenant. The motel, which was fully remodeled in 2017, has master leases through some of the largest employers in Jackson. The rooms have maintained their Short Term Rental status, which could increase operating revenues if operated as a fully functional motel. Two currently leased office spaces and onsite laundry facilities provide further revenue. Additionally, opportunity for new development could be constructed as hotel rooms, condos, office space or apartments.

Listing Details MLS# 20-2431

Location, Tax & Legal

Number: 1140
Street: HWY
County: Teton
State: WY
Zip Code: 83001
Area: 08 - Town of Jackson
Subdivision: Town of Jackson
Common Name: Teton Gables
Zoning: Mixed Use
Ann. Assn Fee $: 0
Taxes: 30875.51
Tax Year: 2019
Legal Description: PT SW1/4NE1/4, SEC. 32, TWP. 41, RNG. 116
Possession: At Closing

Listing Information

Listing Price: 9500000
Effective Date: 2020-08-21

Property Info

Realtor.com Type: Commercial
Category: Commercial w/Improvements
Acres: 1.4
Main House SqFt: 18785
Space Avail. SqFt: 18785
Horses Allowed: No

Compensation and Showing Info

Agent Owned: Y

Status Change Information

Under Cont. Date: 2020-12-15
Sold Date: 2021-04-15
Seller Concessions: No

Water

Public: Yes

More Information

Sewer

Public: Yes

Comm/Loc Details

Street Frontage: Yes

Property Features

Water: Public Sewer: Public

Listing Office: Wyoming Property Management LLC

Listing Agent: Tyler Davis

Last Updated: September - 05 - 2024

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