$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
Listing Information
Current Price: $9,500,000
Listing Price: 9500000
Status: Closed
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
Location, Legal & Taxes
Common Name: Teton Gables
Number: 1140
Street: HWY
County: Teton
State: WY
Zip Code: 83001
Area: 08 - Town of Jackson
Subdivision: Town of Jackson
Zoning: Mixed Use
Taxes: 30875.51
Tax Year: 2019
Legal Description: PT SW1/4NE1/4, SEC. 32, TWP. 41, RNG. 116
Possession: At Closing
Compensation and Showing Info
Agent Owned: Y
Buyer Agent: Y
Buyer Agent % or $: 2.5
Status Change Information
Under Cont. Date: 2020-12-15
Sold Date: 2021-04-15
Seller Concessions: No
Property Features
Water: Public
Sewer: Public
Comm/Loc Details: Street Frontage
Listing Office: Wyoming Property Management LLC
Listing Agent: Tyler Davis
Last Updated: August - 25 - 2022
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
DISCLAIMER: Information provided through the Teton IDX Program is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties and individual consumers interested in purchasing. Properties displayed through the Teton IDX Program may be selected by and displayed by an IDX participant, who may not necessarily be the listing agent. Any information contained herein is deemed reliable, but not guaranteed and the Teton MLS is not responsible or liable for the information.
