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29431 US Highway 160 - Spruce Lodge, South Fork, CO

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29431 US Highway 160 - Spruce Lodge

South Fork, CO 81154-9501

Property Type:Hospitality Number of Rooms:17 Status:Existing Year Built:1990
Stories:2 Building Size:16,000 SF Land Area:1.22 AC (53,143 SF)
For Sale Price:$1,495,000 Price/Room:$87,941 Cap Rate:10.90 %


Main Lodge Bed & Breakfast includes 4 Jacuzzi Suites upstairs with a total of 7 guest rooms, commerical kitchen, lobby, dining room, laundry room, and hot tub. Building is a total of 6200 SF. built in 1926. The owner's quarters are located in the basement. It includes 3 bedrooms, 1 bath, a living room with freestanding wood stove, and a private laundry room.

The Chalet (hotel building) hosts 8 hotel rooms and two bunkhouses. It is 4080 SF. built in 1950 with the upstairs and back side additions added in the mid 1970s.

The separate cabin, is totally remodeled in 2011 and is complete with a new canopy bed and antique clawfoot tub.

There are 12 RV spaces on the far end of the property and include water, sewer, electric, and cable TV.
The manager's quarters is a total of 1792 SF in the finished basement of the lodge and includes 3 bedrooms, 1 bath, a living room with freestanding wood stove and a private laundry room.

Sale Notes:
Successful, historic, 17 room Bed & Breakfast/hotel with 24 seat restaurant and full commercial kitchen near Wolf Creek Ski area in the sunny Southern Colorado Mountains! 360 degree mountain views, fully furnished, with great guest reviews! Open year round with two very strong peak seasons - Summer tourist season and winter ski season. Listed on the National Register of Historic Places. $312,000 average yearly revenue for the last 3 years. Many repeat guests! 4 Jacuzzi suites in B&B, 10 hotel rooms, 3 cabins, 12 RV spots with full hookups including cable TV and Wi-Fi, Sun room with continental breakfast setup. All Appliances included. Brand NEW INDOOR Hot Tub in Newly Renovated Hot Tub Room. 2,000 sq. ft. 3 bd/1 bath owner's quarters with living room, private laundry, private entrance with fenced yard and kennel.
Rafting business with equipment, trailer and passenger van. FANTASTIC POTENTIAL in a growing area, rising population and planned community growth!
10 years of documented financial and tax returns show business is GROWING each year and revenues support sales Price!

Approximately 1 mile east on Hwy 160 from the center of the town of South Fork (where Hwy 149 intersects with Hwy 160).

Northco Real Estate Services
Frank Jermusek
(952) 820-1615

Christopher Haas
(952) 820-1649

Edward Rupp
(952) 820-1634

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