SIESTA MOTEL - LoopNet

SIESTA MOTEL 3109 STATE STREET I SALT LAKE CITY, UTAH

SIESTA MOTEL3109 State Street I Salt Lake City, Utah

Incredible opportunity to purchase an existing and established motel on State Street in Salt Lake City, UT. The original Siesta Motel was torn down, rebuilt and

reopened in November of 2012, making this property only 8 years old. The iconic roadside neon sign was preserved to continue the nostalgic presence on

State Street. This location offers high visibility, very close proximity to local and nationally recognized chain restaurants, walking distance to Century 16 Cinemark

Theaters, and convenient access to the 3300 South I15 Interstate off ramp. An opportunity rarely seen and available. Call today for information and private tour.

OFFERED AT $2,399,900

C O M M E R C I A L

PROPERTY DETAILSSIESTA MOTEL 3109 STATE STREET I SALT LAKE CITY, UTAH

GENERAL INFORMATION22 TOTAL ROOMS 20 – Queen Bed Rooms at $62 Avg Weekend Rate $71 Avg 2 – Double Queen Bed Rooms at $85 Avg

GROSS REVENUE$184,306 - 2018 GROSS INCOME$191,020 - 2019 GROSS INCOME48% ANNUAL AVERAGED OCCUPANCY RATE

ANNUAL EXPENSESWater $2162Electricity $9593Gas $2975Garbage $866Comcast $8,343 (Cable, internet, phone)Sewer $216Business Licensing $2,105Fire System $264Health Dept $125Software $3,470 (Security, bookings, accounting, veriphone)Landscaping $520Maintenence/Repairs $3,925

OPERATING EXPENSES $34,564PROPERTY TAXES $13,370TOTAL EXPENSES $47,934NET INCOME $143,0862020 GROSS REVENUE NOT SHOWN DUE TO COVID-19

LANCE MAY (801) 201-5200 | [email protected] WWW.BHHSUTAH.COM





This property also offers a private 2 Bedroom, 2 Bathroom Apartment over the Lobby / Office for owner retreat or 24 hour management sleeping and living quarters.

LOBBYCOMMERCIAL GRADE LAUNDRY EQUIPMENT INCLUDEDAO Smith Hot Water System – Complex

DAILY TRAFFIC COUNTSIESTA MOTEL 3109 STATE STREET I SALT LAKE CITY, UTAH

DAILY TRAFFIC COUNT – 28,658 at the Siesta MotelNEARBY INTERSECTION OF 3300 SOUTH AND STATE STREET – Range from 31,0000 – 45,000+ daily traffic count

3300 SOU

TH

SIESTA MOTEL

STATE STREET


LOCATIONSIESTA MOTEL 3109 STATE STREET I SALT LAKE CITY, UTAH

HIGHWAY 191

SIESTA MOTEL


Pop-Facts® Demographics | Map

Trade Area: 3109 s state street - 1 mi Radius Population: 15,923 | Households: 15,923

© 2021 Claritas, LLC. All rights reserved. Source: ©Claritas, LLC 2021 . (https://claritas.easpotlight.com/Spotlight/About/3/2021)

Leaflet (http://leafletjs.com) | TomTom | Powered by Esri (https://www.esri.com) | USGS, NOAA

POP-FACTS® DEMOGRAPHICS : MapTRADE AREA : 3109 STATE STREET 1 MILE RADIUS


Pop-Facts® Demographics | Population & Race

Trade Area: 3109 s state street - 1 mi Radius

POPULATION

15,923HOUSEHOLDS

6,494

ETHNICITY

32.9%Index: 171

Hispanic/Latino

HISPANIC ORIGIN*

76.1%Index: 123

Mexican

HOME LANGUAGE*

64.3%Index: 84

Only English

MARITAL STATUS

Trade Area Benchmark

Never Married

Married,SpousePresent

Married,Spouse Absent

Divorced

Widowed

41.6%

36.3%

4.6%

12.8%

4.7%

33.7%

45.0%

4.7%

10.9%

5.7%

POPULATION BY AGE

Age Count % Index

0 - 4 1,157 7.3 121

5 - 9 1,109 7.0 115

10 - 14 1,214 7.6 122

15 - 17 638 4.0 104

18 - 20 577 3.6 88

21 - 24 734 4.6 88

25 - 34 2,652 16.7 123

35 - 44 2,757 17.3 136

45 - 54 1,854 11.6 94

55 - 64 1,543 9.7 76

65 - 74 1,066 6.7 66

75 - 84 441 2.8 56

85+ 181 1.1 56

POPULATION BY RACE**


White

Some OtherRace

Asian

Two or MoreRaces

AfricanAmerican

64.4%

16.4%

5.9%

4.9%

4.3%

69.2%

7.2%

5.9%

3.6%

12.9%

Benchmark: USA © 2021 Claritas, LLC. All rights reserved. Source: ©Claritas, LLC 2021 .

(https://claritas.easpotlight.com/Spotlight/About/3/2021)

*Top variable chosen from percent composition ranking

**Top 5 variables chosen from percent composition ranking

Index Colors: <80 80 - 110 110+

POP-FACTS® DEMOGRAPHICS : Population & RaceTRADE AREA : 3109 STATE STREET 1 MILE RADIUS


Pop-Facts® Demographics | Housing & Household


MEDIAN AGE OF HOUSEHOLDER

45Index: 84

PRESENCE OF CHILDREN*

30.8%Index: 92

HOUSEHOLD TYPE

NonFamilyHHs

46.1%

FamilyHHs

53.9%

HOUSING TENURE

Own

39.2%Index: 60

Rent

60.8%Index: 175

AGE OF HOUSING**

39 - 48 years old% Comp:18.8 Index: 131

HOUSEHOLD SIZE


1 2 3 4 5 6 7+

35.0%

29.0%

15.1%

10.0%

5.8%2.8% 2.3%

27.3%

32.4%

16.3%

13.0%

6.4%2.8%

1.9%

HOUSING UNITS IN STRUCTURE


1 UnitDetached

1 UnitAttached

2 Units 3 to 4 Units 5 to 19 Units 20 to 49 Units 50+ Units

41.2%

7.2% 7.6%9.5%

17.5%

6.2%

9.0%

61.5%

5.9%3.6% 4.3% 9.2%

3.6%5.5%



*Uses the variable "Households with people under age 18"

**Chosen from percent composition ranking

Index Colors: <80 80 - 110 110+

POP-FACTS® DEMOGRAPHICS : Housing & HouseholdTRADE AREA : 3109 STATE STREET 1 MILE RADIUS


Pop-Facts® Demographics | Affluence & Education


EDUCATIONAL ATTAINMENT: TOP 2*

25.7%Index: 95

High School Graduate

25.0%Index: 123

Some College, No Degree

EDUCATION: HISPANIC/LATINO

4.2%Index: 156

Bachelor's degree or higher

POVERTY STATUS

83.9%Index:93

At or above poverty

HOUSEHOLD INCOME

Median Household Income

$48,914Index:73

Average Household Income

$66,205Index:68

HOUSEHOLD INCOME DISTRIBUTION


Less than$15,000

$15,000 -$24,999

$25,000 -$34,999

$35,000 -$49,999

$50,000 -$74,999

$75,000 -$99,999

$100,000 -$124,999

$125,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$499,999

$500,000+

12.9%

9.4%10.2%

18.8%

19.9%

11.7%

6.6%

3.8% 3.5%

1.1%1.5%

0.6%

9.7%

8.3% 8.3%

12.0%

16.6%

12.5%

9.4%

6.6%7.2%

3.5% 3.8%

2.2%



*Ranked by percent composition Index Colors: <80 80 - 110 110+

POP-FACTS® DEMOGRAPHICS : Affluence & EducationTRADE AREA : 3109 STATE STREET 1 MILE RADIUS


Pop-Facts® Demographics | Employment & Occupation


OCCUPATIONAL CLASS*

55.4%Index: 92

White Collar

UNEMPLOYMENT RATE

3.8%Index: 74

Percent of civilian labor force unemployed

METHOD OF TRAVEL TO WORK: TOP 2*

73.4%Index: 96

Travel to work by Driving Alone

10.5%Index: 116

Travel to work by Carpooling

OCCUPATION: TOP 10*


Office/Admin. Support Sales/Related Bldg/GroundsCleaning/Maint.

Transportation/Material Moving

Production Management Food Prep./ServingRelated

Construction/Extraction

Education/Training/Library

Computer/Mathematical

16.5%

11.6%

9.8%

8.0%7.6%

6.6%6.3%

4.7% 4.5%

3.3%

11.5%

10.3%

3.9%

7.6%

5.7%

10.1%

5.7%5.1%

6.0%

3.1%



*Chosen from percent composition ranking Index Colors: <80 80 - 110 110+

POP-FACTS® DEMOGRAPHICS : Employment & OccupationTRADE AREA : 3109 STATE STREET 1 MILE RADIUS


SIESTA MOTEL3109 STATE STREETSALT LAKE CITY, UTAH

WWW.BHHSUTAH.COMi

6340 South 3000 East, Suite 600, Cottonwood Heights, UT 84121 | BHHSUtah.com

LANCE [email protected] www.BHHSUtah.com

© 2021 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity. Information not verified or guaranteed. Berkshire Hathaway HomeServices and/or its representatives do not warrant or guarantee this information. Information herein was provided by Owner/Seller. Lessee/Purchaser is responsible to confirm any information considered a factor in a decision to lease or purchase.

C O M M E R C I A L

In consideration of your receipt and review of the information contained in this document, you expressly acknowledge and agree that all information contained herein constitutes proprietary and confidential information that is owned solely and exclusively by Berkshire Hathaway HomeServices Utah Properties. (the “Company”). You further acknowledge and agree that you shall not, without the express prior written consent of the Company, redistribute, market, publish, disclose or divulge such information to any person or entity. Any unauthorized use or disclosure of such information or data could cause immediate and irreparable harm to the Company. Accordingly, the Company shall be entitled to equitable relief, including an injunction and specific performance, in the event of any breach or threatened breach of your confidentiality obligations hereunder.

C O M M E R C I A L

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