Welcome to The Eastin Mixed Use Commercial Property, a 12260 square foot cement block building conveniently located on highway 40 in the heart of the Colorado mountain town of Kremmling. The property currently consists of 26 hotel/workforce housing units, 3 apartments and 2 commercial spaces.
Flexibility, location and historic ambiance characterize this property. Flexibility: your choice of operating a combination of hotel rooms, workforce housing and commercial spaces. Location: centrally located in the mountains of Colorado within about 1 hour of 8 major resort areas. Historic ambiance: providing guests and tenants with a true western historic boutique mountain experience.
Fully furnished and priced at $159 per square foot, which is significantly below replacement cost, and offered at CAP rate of 9.6, this property offers solid current value as well as long term appreciation.
A rare mountain town income producing investment opportunity offering a prime location, historic ambiance, modern updates, flexibility and a strong value proposition.
For a virtual tour, see attached photos and video. For financials and additional documents, contact Rebecca Guthrie at (970)485-4141.