3440 S Vance St - Hospitality FOR SALE


Lakewood, CO 80227- Bear Creek
$8,000,000 USD
602-946-4371
3440 S Vance St, Lakewood, CO for Sale
$8,000,000 USD
Hospitality - FOR SALE
1/3
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3440 S Vance St
Lakewood, CO 80227
Bear Creek


HIGHLIGHTS

  • ±3.32 AC LOT SIZE

OVERVIEW

REAL ESTATE FUNDAMENTALS Ideally located just outside of Denver, at the intersection of Highway 285 and Highway 121, providing exceptional visibility and convenient access for travelers with seamless connections to key destinations throughout the Denver area. CLOSE PROXIMITY TO NOTABLE ATTRACTIONS Positioned within a ±10 minute drive from the renowned Red Rocks Amphitheatre, widely regarded as the #1 concert venue in the country which generates an annual ±$720M in economic output, providing high demand for local hotels. STRONG ROOM SALES PERFORMANCE The property generates high room sales, benefiting from its favorable location and high demand from both business and leisure guests. However, it remains slightly underperforming compared to the competitive set, presenting significant upside potential for growth. BUSINESS HUB FOR MULTIPLE SECTORS Lakewood benefits from its proximity to Denver while maintaining a diverse local economy. The city hosts a variety of industries including technology, advanced manufacturing, healthcare, and retail. Major employers include Lockheed Martin, which operates a large aerospace and defense facility, and Saint Anthony Hospital, a leading medical institution. STEADY POPULATION GROWTH Lakewood has seen a 13% population increase from 2010 to 2020, strengthened by the consistent growth in the Denver MSA. STRONG BRAND & SMOOTH OWNERSHIP TRANSFER As part of the reputable Best Western brand, the hotel benefits from strong customer loyalty and recognition, ensuring a steady flow of repeat business. Additionally, Best Western offers a streamlined ownership transfer process, providing a smooth transition while maintaining operational stability. Broker of Record Brayden Conner License No. EC.100099522 (CO)

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$156 USD /SF

# OF ROOMS

112

PRICE/ROOM

$71,429 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1985

PARKING SPACES

135

LAND DETAILS

LAND ACRES

3.32 AC

LAND SF

144,619 SF

ZONING

1-C, Lakewood

APN/PARCEL ID

49-354-08-118

ASK ABOUT THIS PROPERTY

Hunter DavisMatthews Real Estate Investment ServicesMore Info
602-946-4371

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Hunter DavisMatthews Real Estate Investment ServicesMore Info
602-946-4371

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