215 E 3rd St - Hospitality FOR SALE


La Junta, CO 81050
$800,000 USD
970-402-3582
215 E 3rd St, La Junta, CO for Sale
$800,000 USD
Hospitality - FOR SALE
1/19
null | 16.88% Cap Rate

215 E 3rd St
La Junta, CO 81050


HIGHLIGHTS

  • Many attractions in town draw people to this destination, as well as the through traffic from Kansas to Denver and vice versa.
  • Excellent location and well maintained hotel known for convenience and comfort.
  • Spacious guest rooms with additional seating and large closet
  • Opportunity zone
  • Welcoming separate building has front office, cafeteria, 3 bedroom managers apartment and main laundry.
  • Easy access to HWY 50 and the distance from the rail tract make this motel quieter than the competitors.

OVERVIEW

25-room Midtown Inn and Suites provides a quiet and relaxing atmosphere. Its convenience and clean rooms make it the most preferred motel in La Junta. The City of La Junta has many attractions that draw many visitors; Otero College, other school events, museums, canyonlands, historic sites, and various businesses attract many travelers to this charming city. Famous activities such as hunting (6,715 acres of hunting land), fishing, camping, and golfing near the Arkansas River also bring customers to the site. It is famous for being North America's largest dinosaur track site and 70's western movie site. The spacious rooms each have a coffee maker, refrigerator, and microwave. Designed for easy maintenance, the hotel also has a welcoming front desk, cafeteria, guest laundry, a landscaped yard with an outside seating area, and a 3-bedroom manager's apartment. The first commercial-grade flat membrane roof has a transferable warranty. Room configurations: 2 units- one King bed, 10 units -two beds, and 12 units - one bed, 3-bedroom manager quarter Guest laundry Cafeteria with licensed and commercial kitchen - this income has not been included in the room revenue. Must see!!!

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$79 USD /SF

# OF ROOMS

24

PRICE/ROOM

$33,333 {currency}

CAP RATE

16.88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midtown Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

C

APN/PARCEL ID

4643-023-14009

ASK ABOUT THIS PROPERTY

Kim ChoiColdwell Banker The Property ExchangeMore Info
970-402-3582

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Kim ChoiColdwell Banker The Property ExchangeMore Info
970-402-3582

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.