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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
PROPERTY DETAILSSIESTA MOTEL 3109 STATE STREET I SALT LAKE CITY, UTAH
LANCE MAY (801) 201-5200 | [email protected] WWW.BHHSUTAH.COM
PROPERTY DETAILSSIESTA MOTEL 3109 STATE STREET I SALT LAKE CITY, UTAH
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
LANCE MAY (801) 201-5200 | [email protected] WWW.BHHSUTAH.COM
LOCATIONSIESTA MOTEL 3109 STATE STREET I SALT LAKE CITY, UTAH
HIGHWAY 191
SIESTA MOTEL
LANCE MAY (801) 201-5200 | [email protected] WWW.BHHSUTAH.COM
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
LANCE MAY (801) 201-5200 | [email protected] WWW.BHHSUTAH.COM
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**
Trade Area Benchmark
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
LANCE MAY (801) 201-5200 | [email protected] WWW.BHHSUTAH.COM
Pop-Facts® Demographics | Housing & Household
Trade Area: 3109 s state street - 1 mi Radius Population: 15,923 | Households: 6,494
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
Trade Area Benchmark
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
Trade Area Benchmark
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%
Benchmark: USA © 2021 Claritas, LLC. All rights reserved. Source: ©Claritas, LLC 2021 .
(https://claritas.easpotlight.com/Spotlight/About/3/2021)
*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
LANCE MAY (801) 201-5200 | [email protected] WWW.BHHSUTAH.COM
Pop-Facts® Demographics | Affluence & Education
Trade Area: 3109 s state street - 1 mi Radius Population: 15,923 | Households: 6,494
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
Trade Area Benchmark
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%
Benchmark: USA © 2021 Claritas, LLC. All rights reserved. Source: ©Claritas, LLC 2021 .
(https://claritas.easpotlight.com/Spotlight/About/3/2021)
*Ranked by percent composition Index Colors: <80 80 - 110 110+
POP-FACTS® DEMOGRAPHICS : Affluence & EducationTRADE AREA : 3109 STATE STREET 1 MILE RADIUS
LANCE MAY (801) 201-5200 | [email protected] WWW.BHHSUTAH.COM
Pop-Facts® Demographics | Employment & Occupation
Trade Area: 3109 s state street - 1 mi Radius Population: 15,923 | Households: 6,494
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*
Trade Area Benchmark
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%
Benchmark: USA © 2021 Claritas, LLC. All rights reserved. Source: ©Claritas, LLC 2021 .
(https://claritas.easpotlight.com/Spotlight/About/3/2021)
*Chosen from percent composition ranking Index Colors: <80 80 - 110 110+
POP-FACTS® DEMOGRAPHICS : Employment & OccupationTRADE AREA : 3109 STATE STREET 1 MILE RADIUS
LANCE MAY (801) 201-5200 | [email protected] WWW.BHHSUTAH.COM
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