$9,500,000
Jackson, WY 83001
MLS# 20-2431
Status: Closed
18785 sqft
1 / 8
Property 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.
Details
Property Info
Realtor.com Type: Commercial
Category: Commercial w/Improvements
Acres: 1.4
Space Avail. SqFt: 18785
Horses Allowed: No
Main House SqFt: 18785
Location, Tax & Legal
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
Number: 1140
Street: HWY
County: Teton
State: WY
Zip Code: 83001
Area: 08 - Town of Jackson
Subdivision: Town of Jackson
Compensation and Showing Info
Agent Owned: Y
Status Change Information
Seller Concessions: No
Under Cont. Date: 2020-12-15
Sold Date: 2021-04-15
Water
Public: 1
Sewer
Public: 1
Comm/Loc Details
Street Frontage: 1
Listing Information
Current Price: $9,500,000
Listing Price: 9500000
Status: Closed
Effective Date: 2020-08-21
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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