860 County Road 142 - Hospitality FOR SALE


Lake City, CO 81235
$9,170,000 USD
651-492-0563
860 County Road 142, Lake City, CO for Sale
$9,170,000 USD
Hospitality - FOR SALE
1/133
null | 8% Cap Rate

860 County Road 142
Lake City, CO 81235


HIGHLIGHTS

  • 8% Cap Rate | 30%+ Projected Internal Rate of Return (IRR)
  • 38 unique cabins and log homes with modern amenities, including cooking facilities, cable streaming TV, and Wi-Fi. 33 of the 38 cabins are available
  • Historic mountain cabin community established in 1946 with original log cabins dating back to the 1870s
  • Nestled in the heart of the Colorado Rockies with breathtaking views of a 65-foot waterfall and the Lake Fork of the Gunnison River
  • Wide range of outdoor amenities, including a fire pit by the river, basketball half-court, sand volleyball, fly fishing, hunting, stargazing, etc
  • Broker of Record: Michael A. Corbey with Realspace Commercial Real Estate, LLC

OVERVIEW

SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of Texan Resort Estates ("Property"), a historic mountain resort located in Lake City, CO, amidst the breathtaking beauty of the Colorado Rockies. Offering a rare retreat into the unspoiled beauty of the region, the Texan Resort Estates combines vintage charm with modern amenities for an unforgettable mountain getaway. The Property consists of 38 unique log cabins and vacation homes ranging from 1 to 5 bedrooms, nestled among tall spruce, fir, aspen, and cottonwood trees. Guests enjoy stunning views of a 65-foot waterfall, lush green lawns, and vibrant flower gardens, all bordered by the Lake Fork of the Gunnison River. 33 of the 38 cabins can be sold as individual cabins; 5 of the cabins have already been sold. Outdoor amenities include a fire pit by the river, a basketball half-court, sand volleyball, and Thursday night cookouts that foster a sense of community and tradition. The surrounding area offers an abundance of activities for outdoor enthusiasts, including hiking, fly fishing, snowshoeing, hunting, and stargazing.

FOR SALE DETAILS

PRICE

$9,170,000 USD

PRICE/SF

$264 USD /SF

# OF ROOMS

38

PRICE/ROOM

$241,316 {currency}

CAP RATE

8%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texan Resort Estates

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1946

PARKING SPACES

114

LAND DETAILS

LAND ACRES

5.2 AC

LAND SF

226,512 SF

ZONING

R1

APN/PARCEL ID

R003038

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.