128 S Main St - Hospitality FOR SALE


Holly, CO 81047
$299,000 USD
720-306-6029
128 S Main St, Holly, CO for Sale
$299,000 USD
Hospitality - FOR SALE
1/7
null | Request Cap Rate

128 S Main St
Holly, CO 81047


OVERVIEW

The Holly Suites Inn is a historic building located in the heart of downtown Holly, Colorado. The building has been a bank, a Rexall Drug Store and most recently, the Holly Inn Suites. The property is listed on Hotels.com, Expedia, Tripadvisor and Travelocity to name a few. The property has been generating approximately $60,000 per year in gross revenues. There are 9 rooms in the upstairs portion of the property and that is the only part of the building that is in use. There is another 6,000 + square feet of potential retail that can be utilized to generate substantial additional income. An ideal use would be a restaurant/bar as there is no such operation within a 20-mile radius of Holly and it would boost hotel revenue substantially. There is an original soda fountain area from the Rexall Drug days with counter and stools. The ideal buyer is someone who is ready to roll up their sleeves and restore the property to its full potential. It would also be ideal for a school or training area where students or participants could sleep upstairs and train or take classes downstairs. The rooms are large with sitting areas, desks, cabinets, microwaves and coffee makers. There is also a lot, adjacent to the property that can be purchased in conjunction with the building. It is an ideal place for outside barbeque’s, tables and a recreation area. There is a new metal cover over the roof of the rooms and new roof cover over part of lower space. The downstairs area could also be an ideal showroom for a distributor who wanted to train new sales people and the rear could be a warehouse, storage area.

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$25 USD /SF

# OF ROOMS

9

PRICE/ROOM

$33,222 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holly Inn Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,621 SF

ZONING

-

APN/PARCEL ID

4000-23-181

ASK ABOUT THIS PROPERTY

Paul RobertsFuller Real EstateMore Info
720-306-6029

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Paul RobertsFuller Real EstateMore Info
720-306-6029

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