$Unpriced

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Description

INVESTMENT HIGHLIGHTS

Rare large acreage parcle with excellent Highway 160 frontage
First in town lodging when approaching from Wolf Creek ski area
Potential to purchase 2.25 acres of land that will provide direct access to the San Juan river

Close proximity to world famous Pagosa Hot Springs, currently undergoing a major expansion
Good interim income while obtaining entitlements for future redevelopment
Walking distance to nearby brewery, restaurant and retail sales

EXECUTIVE SUMMARY

This is a mix of rustic cabins and motel building that is prime for redevelopment potential. There is good interim income available while pursuing entitlements for redevelopment of this unique, rare, 5.21 acre parcel for new lodging, townhomes, or commercial development. There are adjacent parcels that could be assembled to make an even larger development project.
***Contact Broker for Pricing***

AMENITIES

High Speed Internet Access
Public Access Wifi

Smoke-Free

Hot Tub

Fully-Equipped Kitchen

ROOM MIX INFORMATION

DESCRIPTION	NO. ROOMS	DAILY RATE	SF
Suite	12	$125.00	-
Guest Room	34	$104.00

PROPERTY TAXES

Parcel Numbers	570118305005	Improvements Assessment	$105,830
Land Assessment	$202,640	Total Assessment	$308,470

Alex Kovacs

+1 303-514-7076

Specification

General

Building Size : 23706
Lot Size : 5.2100
Sale Type : Investment
Zoning : Mixed-Use Corridor (Zoning allows a variety of commercial and residential development up to 16 units per acre plus 50% bonus for affordable housing. Three story allowed.)
Year of Built : 1965
Number Of Rooms : 46

Hospitality

Parking Spaces :
Hotel Laundry Equipments :
Guest Laundry Equipments :
Swimming Pool :

San Juan Motel

Listing ID : 00505

SKU: 505

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