158 E Main St - Hospitality FOR SALE


Limon, CO 80828
$895,000 USD
720-990-9349
158 E Main St, Limon, CO for Sale
$895,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

158 E Main St
Limon, CO 80828


HIGHLIGHTS

  • 5.15 acre commercial site with strong highway visibility
  • Remaining 12 unit motel wing with large owner or manager quarters
  • Cleared land ready for redevelopment or new construction
  • Ideal for motel, RV park, apartments, or travel center uses
  • Utilities, parking areas, and site access already in place
  • Flexible commercial zoning supporting multiple income uses

OVERVIEW

This property offers a rare 5.15-acre commercial redevelopment site in Limon, Colorado, with water and sewer connections already included. The sale includes the land, the remaining motel structure, and apartment concept plans showing a potential redevelopment layout. The site previously operated as a three-building exterior corridor motel. Two motel wings were removed after a fire event, leaving a clean, level redevelopment area suitable for new construction or repositioning. The remaining structure includes a 12-unit motel wing, the original lobby and office area, and a large owner or manager living quarter. The standing building offers optional reuse value. The 12 attached motel rooms are intact but require full renovation. The oversized living quarter could be used as an onsite manager residence, multi-room living space, office, or potentially converted into additional guest units. A buyer may also choose to remove the remaining structure depending on their redevelopment plans. This property is ideal for a buyer seeking land with existing infrastructure and strong redevelopment potential. The 5.15-acre site can support a variety of concepts, including apartments, a new motel, extended-stay lodging, workforce housing, RV use, truck and traveler services, or mixed commercial use, subject to zoning and city approval. The property benefits from high visibility from US Highway 24 and quick access to I-70, making it a strong location for hospitality, housing, or service-focused commercial operations. The site is cleared, fenced, and easy to inspect, with utilities, parking areas, and site circulation already in place.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$55 USD /SF

# OF ROOMS

12

PRICE/ROOM

$74,583 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apartment Development Project and Land

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1971

PARKING SPACES

14

LAND DETAILS

LAND ACRES

5.15 AC

LAND SF

224,334 SF

ZONING

Commercial

APN/PARCEL ID

258516307001

ASK ABOUT THIS PROPERTY

Nikan AzarColorado Hospitality Services, Inc.More Info
720-990-9349

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Nikan AzarColorado Hospitality Services, Inc.More Info
720-990-9349

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