708 1st Street N

New Town, ND 58763

MLS ID# 4010175 Active
Commercial

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$599,000

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• Description
• Contract Information
• Legal, Tax and Other Information
• General Property Information
• Details

Description

The West Dakota Inn features a 3-bedroom house and a 3-bedroom apartment for versatile accommodation options. The property also features a total of 15 hotel rooms, all fully equipped and ready for occupancy. The town of New Town is experiencing high demand for lodging, with limited competition and ample opportunities for lucrative nightly rentals. With nearby hotels charging upwards of $125 per night, and consistently at full capacity, you can tap into this underserved market. There is a current income potential for long-term rentals ranging from $1000-1300 per month. Take advantage of this currently operating hotel with good cash flow! The West Dakota Inn features a 3-bedroom house and a 3-bedroom apartment for versatile accommodation options. The property also features a total of 15 hotel rooms, all fully equipped and ready for occupancy. The town of New Town is experiencing high... show more

Contract Information

• Buyer Agent Broker Commission 2.5%

Legal, Tax and Other Information

• Taxes 1427.55
• Tax Year 2022
• Specials Installment 0
• Specials Balance 0
• Pending Specials No
• Zoning Commercial
• Parcel ID 56-0054900
• Legal Description RE-ARGMNT BLKS 6-7-8 HIGHLAND VILLAGE, S1/2 of LOT 4 & LOT 5

General Property Information

• Property Sub Type Commercial
• Sub Type Details Business and Building
• Lot SqFt 25962
• Lot Acres 0.596
• Lot Dimensions 129.7x200
• Year Built 1981
• Total Unfinished SqFt 0
• Finished Above Grade SqFt 8224
• Finished Below Grade SqFt 0
• Total Finished SqFt 8224
• Accessibility Features No
• Fee No

Details

• Business Type

  Hotel/Motel

• Cooling

  Wall/Window Unit(s)

• Heating

  Wall Furnace

• Water Source

  Public

• Sewer

  Public Sewer

• Lot Features

  Rectangular Lot