Jackson Hole Commercial Investment Property
Located in the heart of Jackson Hole Wyoming, the newly remodeled Miller Park Lodge hotel building complex is a perfect opportunity for the commercial property investor. The front wing of the building complex has been converted to executive offices, a nice hotel lobby area and breakfast nook for Jackson Hole Lodging customers staying at this quaint downtown hotel in Jackson Hole. The property is situated between the famous Rusty Parrot Lodge and the Parkway Inn. This is truly a one of a kind commercial investment property.
The Miller Park Lodge building complex is also adjacent to Miller Park, a wonderful park that is a central park area for annual arts and craft fairs in the summer months. Miller Park has a wonderful playground area as well as public tennis courts and a basketball court. There is also a large playground and several picnic areas spread around under the mature cottonwood trees throughout the Park. Around the park are numerous Jackson Hole Restaurants and other commercial properties.
The offices located at Miller Park Lodge are the home of the Jackson Hole Real Estate Company, which offers real estate and property management services in the area. Jackson Hole Reservations Corporate offices and call center are also located in one of the offices at the Lodge. This unique company provides rental reservations for home rentals as well as condominium rentals throughout the valley. The remaining areas of the lodge have been converted to 15 superior hotel rooms featuring hot tubs, fireplaces in some units as well as fine appointments throughout. The property is ideal for summer tourists coming into town from Grand Teton Park as well as Yellowstone National Park.
The lodge is now offering affordable Jackson Hole Ski Packages to promote additional business in the winter months. Each year the property is showing increased occupancy and revenue during these months. A new daily shuttle service is provided to the Jackson Hole Mountain from the hotel each day in the winter via an exclusive agreement signed with AllTrans Transportation services here in Jackson this winter season.
The property with the office space rentals and lodging revenue is producing approximately $270,000 in annual rental revenue. The property is also presently listed for $2,500,000 and has potential for future expansion. The zoning is U/C on this town property and falls into the highest density category. Location and proximity to downtown Jackson Hole will always keep the value of this property high. For more information contact our real estates broker.
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