132 3rd Street SW, Watford City, ND 58854
$799,000
Property Type:
Commercial Sale
Square Footage:
5,588
Lot Size (sq. ft.):
14,000
Status:
Active
Current Price:
$799,000
List Date:
10/05/2023
Last Modified:
10/08/2023
Description
This cash-flowing Hotel in Watford City is located directly on 2nd St and provides high visibility to incoming visitors. The property includes a 2 bedroom apartment along with 15 well-appointed rooms. Watford City is a bustling hub in the Bakken oil field, offering an ideal location for attracting guests. Despite competition, the demand for lodging in Watford City remains high due to oilfield activity. Even with just 50% occupancy, you can expect to generate over $8000 per month, gross.
More Information MLS# 4010174
Location
Street Number: 132
Street Name: 3rd
Street Type: Street
Street Direction Sfx: SW
Area: Watford City
Sub Area: Watford City SW
State: ND
Zip Code: 58854
County: McKenzie
Contract Information
List Price: $799,000
Current Price: $799,000
List Price/SqFt: 142.98
Date Listed: 2023-10-05
Buyer Agent Broker Commission: 2.5
Buyer Broker Type: %
Legal, Tax and Other Information
Taxes: 4126.98
Tax Year: 2022
Pending Specials: No
Zoning: Commercial
Parcel ID: 825703100
Legal Description: LOTS 9-10 BLK 2 Sax addition to Watford City
General Property Information
Property Sub Type: Commercial
Sub Type Details: Business and Building
Lot SqFt: 14000
Lot Acres: 0.321
Lot Dimensions: 100x140
Year Built: 1954
Finished Above Grade SqFt: 5588
Total Finished SqFt: 5588
Accessibility Features: No
Fee: No
Remarks
Public Remarks: This cash-flowing Hotel in Watford City is located directly on 2nd St and provides high visibility to incoming visitors. The property includes a 2 bedroom apartment along with 15 well-appointed rooms. Watford City is a bustling hub in the Bakken oil field, offering an ideal location for attracting guests. Despite competition, the demand for lodging in Watford City remains high due to oilfield activity. Even with just 50% occupancy, you can expect to generate over $8000 per month, gross.
Status Change Info
Status: Active
Property Features
Business Type: Hotel/Motel
Cooling: Wall/Window Unit(s); None
Heating: Electric
Water Source: Public
Sewer: Public Sewer
Lot Features: Rectangular Lot
Listing Office: Paramount Real Estate LLC
Last Updated: October - 08 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.