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Courtesy: Cole And Company, Inc.
  • Price:

    • $4,475,000

  • Listing #:
    • 737024
  • Class:
    • Commercial
  • Type:
    • Hotel/motel
  • Status:
    • Active
  • # of Units:
    • 76
  • Apx. Acres:
    • 1.40
  • Apx. Sqft.:
    • 35000
  • Year Built:
    • 1962
  • Address:
    • 3141 Main Ave
  • City:
  • County:
    • La Plata
  • Area:
    • Durango In Town
  • State:
    • CO
  • Zip:
    • 81301

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Description

Seller will finance this affordable re-development site in Durango Colorado. A 75-unit Motel now operated as a monthly extended stay property on a highly desirable main street, corner location in a growing Southwest Colorado town. Operated absentee since 2004, the property consists of 8 buildings with outside corridors and makes money with a minimal 4 person, experienced staff working 8:00 to 5:00. The Spanish Trails Inns and Suites could easily be converted back to an operating Motel by a more active owner who manages rates, wages and other underperforming assets more effectively.
  • Building Details
    • # Floors:
      • - 2
    • Fixtures Included:
      • - No
  • Square Footage
    • List Price/Sqft:
      • - $127.86
    • Finished SF:
      • - 35,000.00
  • Property Details
    • Lotsizedim:
      • - Please See Remarks
    • Current Property Use:
      • - Lodging
    • Possible Property Use:
      • - Lodging
    • Railroad Siding:
      • - No
    • Water Rights/irrig.:
      • - No
    • Zoning:
      • - Commercial
  • Income and Expenses
    • Lease Included:
      • - No
  • HOA Details
    • Owners Association(oa):
      • - No
  • Utilities
    • Water Well:
      • - No
  • Miscellaneous
    • Inventory Included:
      • - No
    • Total Taxes $:
      • - $23,607.00
    • Tax Year:
      • - 2016
    • Special Assemnt Y/n:
      • - No
    • Real Estate For Sale:
      • - Yes
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For more information on this listing, please contact...