$995,000

About this home

Live Here. Earn Here. Invest in Your Future. A rare opportunity to combine comfortable residential living with built-in income potential! Live on-site, own and operate your own business, and use the motel income to offset the cost of owning the entire property. Located in a Qualified Opportunity Zone, the Villa Motel property features a 2,040-square-foot residence, an 8-unit income-producing motel, and multiple accessory improvements on a spacious 0.51-acre General Commercial parcel. The residence features a walkout basement with additional income or flexible-use potential, while the property also includes garage/storage space, an office, barn, and excess land. The existing 8-unit motel provides an opportunity to generate revenue while owning the underlying real estate. Live on-site and operate the motel yourself, hire management, or explore the property's broader income and commercial possibilities. Offer Memorandum is available and attached. Existing improvements include approximately 1,600 square feet of motel space, a 380-square-foot garage/storage building, an 80-square-foot office, and a 370-square-foot barn, leaving substantial excess land available for future development or expansion. With dual street access from Main Street and 50 W, flexible General Commercial zoning, within a Qualified Opportunity Zone, the property offers immediate cash flow with multiple opportunities to increase revenue through redevelopment, expansion, or additional income-producing uses. Own the home. Own the business. Live and work on the same property.

Written by the listing agent.

Location

Monthly payment

10% down ($99,500), 30-year fixed at 6.25%. Tax from the MLS record; insurance is an estimate. Not a loan offer.

Details

Lot

0.51 acres

Cooling

Window Unit(s)

Flooring

Carpet, Tile

Roof

Asbestos Shingle

County

Tooele

Zoning

Commercial, Short Term Re

• Kitchen
• Video Camera(s)
• Out Buildings