1170 S Cove View Rd Richfield UT 84701 | $1,100,000 ()

Property Facts

Days on URE 7

Status ACTIVE

MLS# 2097444

Property Type Hotel/Motel

Year Built 1978

Investment Opportunity – The Royal Inn Don't miss this rare opportunity to own a 24-room motel located in a growing and increasingly popular area of town. This well-maintained property offers strong current income with significant upside potential as the surrounding community continues to expand. With high occupancy this property is already a solid performer. There's ample room for revenue growth as updates and enhancements are made to the guest rooms and amenities. Whether you're a seasoned investor or new to hospitality, the Royal Inn offers a stable cash flow and the chance to increase returns through strategic improvements. A solid investment in a prime location-schedule your private tour today and explore the full potential of this hospitality gem. Seller is a licensed Real Estate Broker.

Misc. Overview

Sub-Lease
No

Construction Status
Blt./Standing

Business For Sale
Yes

Business Only, No Real Estate
No

Business Name
ROYAL INN

Property Features

Hotel/Motel Features

Other Features

Investment

Parking

Power

Property Size

Schools

Designated Schools

Elementary School

Middle School

High School

School District

View School Ratings by Utah Dept. of Education

Nearby Schools

GreatSchools Rating	School Name	Grades	Distance
4	Red Hills Middle School Public Middle School	6-8	0.77 mi
6	Richfield High School Public High School	9-12	1.11 mi
NR	Sevier Career And Technical Education Center Public High School	9-12	1.18 mi
1	Cedar Ridge High School Public Middle School, High School	6-12	1.20 mi
NR	Ashman School Public Elementary	K-2	1.22 mi
NR	Field Stone Academy Private Middle School, High School	6-12	1.25 mi
6	Pahvant School Public Elementary	3-5	1.64 mi
NR	Sevier Connection Online Public Elementary, Middle School, High School	K-12	1.70 mi
NR	Sevier District Preschool, Elementary, Middle School, High School		1.78 mi
7	South Sevier Middle School Public Middle School	6-8	8.39 mi
6	Monroe School Public Elementary	K-5	8.41 mi
4	South Sevier High School Public High School	9-12	8.63 mi
5	North Sevier Middle School Public Middle School	6-8	18.97 mi
5	Salina School Public Elementary	K-5	19.05 mi
6	North Sevier High School Public High School	9-12	19.09 mi

School data provided by GreatSchools.

For information about radon testing for homes in the state of Utah click here.

Contact Agent

Troy Poulsen

435-896-3797

Listing Broker

Coldwell Banker Preferred Properties
190 North Main
Richfield, UT 84701
435-896-5550

Lead Warning Statement

Every purchaser of any interest in residential real property on which a residential dwelling was built prior to 1978 is notified that such property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning. Lead poisoning in young children may produce permanent neurological damage, including learning disabilities, reduced intelligence quotient, behavioral problems, and impaired memory. Lead poisoning also poses a particular risk to pregnant women. The seller of any interest in residential real property is required to provide the buyer with any information on lead-based paint hazards from risk assessments or inspections in the seller's possession and notify the buyer of any known lead-based paint hazards. A risk assessment or inspection for possible lead-based paint hazards is recommended prior to purchase.