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Property Detail

795 Main St, Limon, CO 80828, USA
This 2 story Motel property located in the heart of Limon.
$680,000

Description

INVESTMENT HIGHLIGHTS

  • 29 motel rooms and 3 apartments with great visibility and accessibility
  •  
  • Large lobby with a fireplace and bathroom
  • Interior corridors and interior staircases for this 3 level building

EXECUTIVE SUMMARY

The rooms have been updated recently and the revenue has kept growing! This 2 story Motel property located in the heart of Limon, CO provides an excellent opportunity for investors/owner-operators looking to get into the thriving Colorado market! 32 rooms with an interior corridor, sturdy building with good visibility, and easy access from both Main Street & I-70 provide a value add opportunity rarely seen in the Colorado market. Currently, 19 motel rooms are sellable and 13 rooms just need some finishing touches. Capital investments were made by the current owner to bring all major systems into good working order. A grocery market, bank, and restaurants are within walking distance. There is a guest laundry, manager suite, and a large lobby with a bathroom and fireplace! Come visit the property - the broker would love to give you more information.
 

AMENITIES

  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

ABOUT 795 MAIN ST , LIMON, CO 80828

Handsome and sturdy 2-story building w/ 19 rooms on main & the second floor, and 13 rooms in the basement in the heart of Limon, Colorado. It has a bright and inviting lobby w/ fireplace, spacious seating areas and bathroom, and plenty of parking and storage. One on-site manager suite, Two suites/apartments w/ 1bed, 1bath, kitchen, and living room. Currently, 19 motel rooms are sellable and 13 rooms need some finishing touches. This building has good character.

 

ROOM MIX INFORMATION

DESCRIPTIONNO. ROOMSDAILY RATESF
Guest Room19$71.00

 

PROPERTY TAXES

 

 Kim Choi

 +1 970-402-3582

Specification

General

  • 8160
  • 0.3200
  • Investment
  • CBD
  • 1950
  • 2018
  • 19

Financials

  • 159000
  • 81956
  • 2044
  • 75000
  • 11.03

Hospitality

Hub City Inn

# 502

SKU: 502

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