3501 W Colorado Ave - Hospitality FOR SALE


Colorado Springs, CO 80904
$593,000 USD
720-738-1949
3501 W Colorado Ave, Colorado Springs, CO for Sale
$593,000 USD
Hospitality - FOR SALE
1/26
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3501 W Colorado Ave
Colorado Springs, CO 80904


OVERVIEW

The Hansen Apartment Group is pleased to present the Ridgeview Motel development opportunity. Located at 3501 W Colorado Ave, Colorado Springs, CO, it presents an incredible development opportunity for the right investors. Ridgeview Motel is located on the desirable west-side of Colorado Springs, near Manitou Springs and the Garden of The Gods. Investors will be able to determine the best use for the property, given their strategy. The property is currently a vacant motel that consists of ten (10) units (nine hotel units and a single-family home). The property is zoned as C5, which allows an investor to either keep the current structures for remodel or demolish to suit their needs. The interiors of the property have been demoed with some plumbing already roughed into the units.

FOR SALE DETAILS

PRICE

$593,000 USD

PRICE/SF

$158 USD /SF

# OF ROOMS

12

PRICE/ROOM

$49,417 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgeview Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1946

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C-5

APN/PARCEL ID

74033-24-008

ASK ABOUT THIS PROPERTY

Zach HansenNorthPeak Commercial AdvisorsMore Info
720-738-1949

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Zach HansenNorthPeak Commercial AdvisorsMore Info
720-738-1949

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