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1140 HWY 22
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$9,500,000 | Status: Active

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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.

Property Details


Lot Size Area: 1.4
Lot Size Units: Acres
Property Class: Commercial
Acres: 1.4
Zoning: Mixed Use

Building Features


Building Area Total: 18785
Total Bathrooms Source: MLS
Category: Commercial w/Improvements
Space Avail. SqFt: 18785
Horses Allowed: No
Location, Legal & Taxes: Common Name: Teton Gables Ann. Assn Fee $: 0
Water: Public
Sewer: Public
Comm/Loc Details: Street Frontage: 1

Pricing


List Price: $9,500,000.00
Major Change Timestamp: 2020-08-21T17:51:50Z
Major Change Type: New Listing
Mls Status: Active
Modification Timestamp: 2020-08-21T18:00:20Z
On Market Date: 2020-08-21T17:51:50Z
Original On Market Timestamp: 2020-08-21T17:51:50Z

Expenses


Tax Amount: 30875.51
Tax Legal Description: PT SW1/4NE1/4, SEC. 32, TWP. 41, RNG. 116
Tax Year: 2019
Taxes: 30875.51
Possession: At Closing
Agent Owned: Y

Location


City: Jackson
County Or Parish: Teton
MLS Area Major: 8 - Town of Jackson
Parcel Number: 22-41-16-32-1-00-031
Subdivision Name: Town of Jackson
Address: 1140 HWY 22, Jackson, WY 83001
Legal Description: PT SW1/4NE1/4, SEC. 32, TWP. 41, RNG. 116
Listing Office: Wyoming Property Management LLC

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