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
1/3
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 parcel with a remaining 12 unit motel wing and a large owner or manager living quarter. The site previously operated as a 3 building exterior corridor motel. Two wings were removed after a fire event, leaving a clean, level redevelopment area that is ready for new construction or repositioning. The standing structure includes the original lobby, office, and an oversized living quarter suitable for an onsite manager, multi room residence, or conversion to additional guest units. The 12 attached rooms are intact but require full renovation. Utilities, parking, and site circulation remain in place. This property is ideal for a buyer seeking a redevelopment opportunity in the growing Limon market. The 5.15 acre size supports a new motel, apartments, RV park, truck and traveler services, workforce lodging, or mixed commercial use. High visibility from US 24 and quick access to I 70 make this a strong location for hospitality or service focused operations. The land is cleared, fenced, and easy to inspect. The remaining building offers optional reuse value or can be removed depending on the buyer’s plans.

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

First Inn Gold Limon Lease or Sale

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.