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Hotel McGrath

Under Contract
Lot 3A – Plat 98-3  -  apr. 10,000 sq. ft.

    This "6 room Hotel" was established in 1938 and rebuilt and upgraded many times throughout the years.  It is the "Place" to stay when you go to McGrath., which is the jumping off point for many guiding operations: such as Hunting (famous for big Moose), Fishing – Kayaking, etc.

    The owner operated the place for many years, but finally decided to pack it up and move out of state; now enjoy golfing instead of snowmobiling.  The place is almost all shut down, only operating on a very limited basis by his brother as a B&B. And between Covid and not being able to find help has made it tough.

    This place is sold strictly "Improvements Only", in other words, the land and the building with all its inventory.  Please do not ask for financial information, everything is on our website and the rest of it is up to you to see and inspect.

    This is one of the Best bargains we have seen for a long time. As you could start tomorrow and have an ongoing thriving business, sometimes more than you can handle. Such as during hunting season, the Iditarod Race, the Iron Dog race, which all comes through McGrath, and school events too, such as basketball, etc.

    And let's face it, for $255,000.- at this Village where everything has to be flown or barged in, quick frankly you could not even build a dog house for this price if you consider today's lumber and labor costs😊

    McGrath is a "Hub" village and there is always something going on. The building is served by public water, sewer, and electric, and is heated by a unique system that uses the waste heat of the Village Power Plant.

    The Price for this 6 room "Hotel" fully furnished with private bath in each room, commercial kitchen, eating area, etc. including the additional building at the airport ramp, is only $255,000.-

    But for this low price, seller wants all cash. Make sure you have access to that kind of money other than through your bank, as it may be very difficult to obtain bank financing.

    Please read through the seller's Improved Property Fact Sheet.

    "Look Hotel McGrath up on the Web to see how it operated and lots of other pertinent information."

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