1027 E Eisenhower Blvd - Hospitality FOR SALE


Loveland, CO 80537
$2,200,000 USD
970-402-3582
1027 E Eisenhower Blvd, Loveland, CO for Sale
$2,200,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

1027 E Eisenhower Blvd
Loveland, CO 80537


HIGHLIGHTS

  • Prime Location in heart of Loveland CO
  • Situated on the busiest main road/hwy 34/Eisenhower Blvd.
  • Excellent site for various for a motel and new development opportunities.
  • Major system recently improved!

OVERVIEW

A 40,000-square-foot lot sits on the busiest highway, Eisenhower Blvd, in the heart of Loveland. The prime location and business zoning offer many possibilities. The motel has 18 spacious guest rooms, including one 2-bedroom kitchenette and one 2-bedroom suite. It also has a manager's apartment with two beds and one bath, and ample parking. It has been operated by an absentee owner. The motel underwent major improvements, including an electrical power upgrade with new wiring, outlets, and lighting; new wired smoke alarms; a new fan in each bathroom; new water heaters; hard-surface flooring; some updated bathrooms; and more. This code-compliant motel will reopen soon. The old furnace in each room has been replaced with a PTAC unit. There is space for further expansion to add more rooms. This property is also an excellent site for a redevelopment project. The property next to this, which is of identical size, is currently under development. Do not miss this opportunity!

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$307 USD /SF

# OF ROOMS

18

PRICE/ROOM

$122,222 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hiway Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1961

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

B - Loveland

APN/PARCEL ID

95124-14-003

ASK ABOUT THIS PROPERTY

Kim ChoiColdwell Banker The Property ExchangeMore Info
970-402-3582

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Kim ChoiColdwell Banker The Property ExchangeMore Info
970-402-3582

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