TBD E Main St - Hospitality FOR SALE


Montrose, CO 81401
$1,200,000 USD
970-241-2909
TBD E Main St, Montrose, CO for Sale
$1,200,000 USD
Hospitality - FOR SALE
1/29
null | 7.15% Cap Rate

TBD E Main St
Montrose, CO 81401


HIGHLIGHTS

  • Guest Check In Area
  • 7 Suites, 4 Bathrooms
  • Private Patios, Outdoor pool
  • Main Street Access & Visibility, Walking Distance to Restaurants
  • Seller Financing Available

OVERVIEW

PROJECTED NOI: $85,800 (AIRDNA) PROJECTED Net Cap Rate 7.2% (AIRDNA) Four (Potential 5) Room Bed & Breakfast Inn in Montrose, Colorado, presents an exceptional investment opportunity, ideal for various ventures such as boutique hotels, Airbnb, lifestyle accommodations, or wedding venues. Once subdivision is complete this property is expected to generate $85,800 in NOI with a projected 7.2% net cap rate (AIRDNA Source). The interior includes a welcoming guest check-in area, four (potentially five) elegantly designed suites, and four well-appointed bathrooms. Cozy fireplaces enhance the ambiance, while five separate entrances provide convenience and privacy. Located within walking distance of local eateries, including a Mexican restaurant and a bar, the property also features a manager's live-in suite complete with a bathroom and kitchen. Guests will appreciate amenities like an outdoor pool, a designated cooking area, and private patios. Ample parking is available, accommodating up to 15 vehicles. Situated just minutes from the Montrose Regional Airport, this property is the perfect gateway to the Tellu-ride ski resort, Silverton, and various year-round recreational activities. Its convenient proximity to popu-lar destinations such as Ridgeway, Ouray, Grand Junction, and Durango makes it a prime location that should not be overlooked. Property Facts: • 3,700 Square Feet • 0.57 Acres • Guest Check In Area • Manager Live In Suite (Includes Bathroom & Kitchen) • 4 Suites (Potential 5) • 4 Bathrooms • Fireplaces • 5 Separate Entrances • Private Patios • Exterior Cooking Area • Outdoor Pool • 15 Parking Spaces • Main Street Access & Visibility • Walking Distance to Restaurants • Seller Financing Available Montrose Facts: • Elevation: 5,807 • Population: 21,003 (2022) • Total Area: 18.5 Square Miles • Found-ed 1882

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$324 USD /SF

# OF ROOMS

7

PRICE/ROOM

$171,429 {currency}

CAP RATE

7.15%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Four Room Bed & Breakfast Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

B2

APN/PARCEL ID

R0650508

ASK ABOUT THIS PROPERTY

Katie DavisBray & Co. CommercialMore Info
970-241-2909

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Katie DavisBray & Co. CommercialMore Info
970-241-2909

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