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Property Detail

460 E Chestnut St, Sterling, CO 80751, USA
Excellent location! Spacious rooms with vaulted ceiling, new flooring, and ample parking.
$1,335,000

Description

INVESTMENT HIGHLIGHTS

  • Right off Hwy 76 : Excellent location!
  •  
  • Guest coin laundry provides convenience and extra income
  •  
  • Opportunity and Enterprise Zone!
  • Spacious rooms with vaulted ceiling, new flooring, and ample parking
  •  
  • Two properties and lots (2.4 Acres) for redevelopment!

EXECUTIVE SUMMARY

Two properties (30 Room Motel & Free Standing Restaurant) are for sale on a 2.42-acre lot. One is a 30-room hotel ( 1460 E Chestnut), and the other is a 1,960-square-foot free-standing restaurant (1472 E Chestnut). Both properties are in an excellent location, right off HWY 76. The hotel offers 30 SPACIOUS guest rooms(22 -two beds, 8 -1 beds), guest coin laundry ( could be used for gas station users/ travelers), and a 1-manager suite/apartment. It provides ample parking, a relaxing and quiet setting by the creek, and a vaulted ceiling in each room. Newly updated with a new roof, new gutter, new flooring, added a sink and a stove in 18 rooms, new paint, and new water heaters. The restaurant can be leased. Owner financing opportunity!!! The Motel was updated for easy management. Owner/user can increase the revenue. Manger operated business for over 5 years. Excellent for development such as a franchise hotel, multifamily, multi-tenant retail building, etc. Must see!!! Call for showings!

AMENITIES

  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Guest Room30$55.00

 

PROPERTY TAXES

 

Kim Choi

+1 970-402-3582

 

Specification

General

  • 9376
  • 1.8200
  • Investment
  • Commercial (Commercial Zoning, Opportunity, and Enterprise Zone!)
  • 1973
  • 2023
  • 30

Hospitality

1st Interstate Inn and Restaurant for sale

# 471

SKU: 471

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