221 Byers Ave - Hospitality FOR SALE


Hot Sulphur Springs, CO 80451
$1,595,000 USD
651-492-0563
221 Byers Ave, Hot Sulphur Springs, CO for Sale
$1,595,000 USD
Hospitality - FOR SALE
1/30
null | 14% Cap Rate

221 Byers Ave
Hot Sulphur Springs, CO 80451


HIGHLIGHTS

  • Offered at a 14.0% cap rate based on historical financials with significant room for growth
  • 14 room exterior-corridor motel in the popular tourist destination of Hot Sulphur Springs, Colorado
  • Owner's quarters are also available on-site (and can be rented separately as an apartment if desired
  • In close proximity to Hot Sulphur Springs Resort, which offers day passes to its 24 famous hot springs that are within walking distance
  • Only 30 miles from the popular destination of Winter Park, Colorado, ranked as a top-40 US ski resort in Conde Nast's 2021 Reader's Choice Awards
  • The Property is located less than 100 miles from Denver, CO and 30 miles from the western entrance to Rocky Mountain National Park

OVERVIEW

SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of the Canyon Motel, which is a charming and historic 14-unit motel that is located in Hot Sulphur Springs, Colorado, in close proximity to Winter Park, a world-class ski resort and recreation destination ("Property"). This Property is nestled in the Rocky Mountains along a Colorado Scenic Byway on US Highway 40. There are many attractions in and around Hot Sulphur Springs, including the Hot Sulphur Springs Resort and Spa (day passes are available for guests of the Canyon Motel), the aforementioned Winter Park (Resort), Granby Ranch Ski Area, the Colorado Adventure Park, and much more. Colorado is major draw for adventure-seekers throughout the globe, and brings in nearly 90 million visitors a year (2019 estimate).

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$263 USD /SF

# OF ROOMS

14

PRICE/ROOM

$113,929 {currency}

CAP RATE

14%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Canyon Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

T1

APN/PARCEL ID

R197680

ASK ABOUT THIS PROPERTY

Ned RuppSVN | Northco Real EstateMore Info
651-492-0563

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Ned RuppSVN | Northco Real EstateMore Info
651-492-0563

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