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64 S 300 E photo 11 / 4

$1,200,000

64 S 300 E, Monticello, UT 84535

Subtype

Hotel/Motel

Building SF

$/SF

Lot

1.5 ac

Property Details

Property typeCommercial Sale
SubtypeHotel/Motel
Building SF
Year built1963
Lot size1.5 acres
ZoningCommercial · C-1
Current useCommercial
Taxes (annual)$10,200
Days on market29
Listed2026-07-27T00:00:00+00:00

Description

The Grist Mill Inn & Granary Bar & Grill is a value-add boutique hospitality property positioned along the renowned Grand Circle National Parks tourism route, serving Canyonlands National Park, Bears Ears National Monument, Monument Valley, and southeastern Utah's premier outdoor destinations. The property features a distinctive grain Silo Restaurant and Bar, 11 guest Rooms, additional bed & breakfast accommodations, a Food Truck Court, and approximately 22,000 square feet of improvements situated on approximately 1.5 acres across three C-1 Commercial parcels and is across from Maverick Gas Station with over 58,000 Visits per month bringing plenty of traffic. While remodeled in 2020, this property has room for significant upside exists through completion of ongoing renovations, reopening and expansion of the restaurant and bar operations, and continued enhancement of the property's hospitality amenities. Contact Anthony Borba III with KW commercial with questions and to schedule a tour. Text and email is best. 801-577-9828 Anthonyborbacre@gmail.com -Thank you. All information has been provided by Seller as a courtesy and is deemed reliable but not guaranteed. Buyer and Buyer's Agent are advised to independently verify all information, including but not limited to square footage, acreage, zoning, financial information, condition, permits, intended use, and all other material facts prior to closing.

Listed by Anthony R Borba · KW Utah Realtors Keller Williams

Location

64 S 300 E, Monticello, UT 84535

Cap Rate Calculator

Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.

Cap Rate

5.25%

$/SF

GRM

11.8

Purchase price
$
Gross scheduled income
$/yr
Vacancy5%
Operating expense ratio35% ($33,915)
Effective gross income$96,900/yr
Operating expenses$33,915/yr
Derived NOI$62,985/yr

Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.

DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.

© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 8/25/2026, 6:09:54 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.