5312 Highway 119 - Hospitality FOR SALE


Black Hawk, CO 80422
$2,500,000 USD
860-716-1267
5312 Highway 119, Black Hawk, CO for Sale
$2,500,000 USD
Hospitality - FOR SALE
1/86
null | Request Cap Rate

5312 Highway 119
Black Hawk, CO 80422


OVERVIEW

This property features 30 total units, including Airbnb-ready rooms and a private 2-unit cabin, offering a versatile mix ideal for both short-term rentals and long-term tenants. The 3 double-bed rooms, 17 single-bed rooms, and 6 short-term Airbnb units provide flexible accommodation options, while the secluded 2-unit cabin at the back is perfect for workforce housing or premium rentals. Located near the Monarch Casino, this property is ideally suited for accommodating employees or contractors, with flexible weekly rental terms to meet short-term housing needs. Recent improvements include the electrical system being fully upgraded to underground wiring, refreshed landscaping, and interior room renovations. The property operates on an independent well and septic system, ensuring reliable water sourcing. Additionally, the extra land behind the hotel presents an excellent expansion opportunity to further increase revenue streams. The seller, a creative investor, is open to exploring options such as lease purchase or seller carry, providing flexibility for potential buyers.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$227 USD /SF

# OF ROOMS

30

PRICE/ROOM

$83,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coyote Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1963

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

PUD

APN/PARCEL ID

R002960

ASK ABOUT THIS PROPERTY

Kayla MahoneyEngel & Völkers DenverMore Info
860-716-1267

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Kayla MahoneyEngel & Völkers DenverMore Info
860-716-1267

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