1624 E Main St - Hospitality FOR SALE


Montrose, CO 81401
$3,500,000 USD
505-500-2081
1624 E Main St, Montrose, CO for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/83
null | 7.43% Cap Rate

1624 E Main St
Montrose, CO 81401


OVERVIEW

COUNTRY LODGE MOTEL | HOSPITALITY INVESTMENT & REDEVELOPMENT OPPORTUNITY Motel Business Opportunity or Prime Real Estate Opportunity? Why not both? Welcome to the Country Lodge Motel, a rare opportunity to acquire a well-established hospitality asset situated on approximately 2.88 acres of B-2 Highway Commercial land in one of Montrose's busiest commercial corridors. Offering exceptional visibility, easy access, and multiple income-producing components, this property presents a unique opportunity for investors, owner-operators, developers, and entrepreneurs alike. The lodging improvements consist of 23 motel units with a diverse room mix designed to accommodate a wide rangeof travelers: • 9 Rooms featuring Two Queen Beds • 5 Additional Rooms featuring 1 Queen Beds • 4 King Bed Rooms •Room 15 – Spacious En-Suite Room with Kitchenette • 3 Rooms featuring One Queen Bed and Kitchenette • Room 14 –Oversized Room featuring Three Queen Beds In addition to the motel rooms, the property includes a detached 3-bedroom,1-bath cabin, creating additional lodging flexibility for extended-stay guests, workforce housing, or supplemental rentalincome. Further enhancing the value are two separate single-family residences included in the sale. These homes provideideal accommodations for an owner-operator, on-site management, employee housing, or additional rental income streams.Positioned along a high-traffic commercial corridor, the Country Lodge Motel benefits from excellent exposure to local andregional travelers while serving as a gateway to the many attractions of Western Colorado. The property is convenientlylocated near shopping, dining, healthcare services, outdoor recreation, and the tourism destinations that make Montrose ayear-round travel hub. Whether your vision is to continue operating a successful motel business, expand hospitality operations, create workforce housing, develop additional commercial improvements, or redevelop the site entirely, this property offers flexibility rarely available in today's market. Property Highlights: • 23 Motel Units • Detached 3 Bed / 1 Bath Cabin • Two Single-Family Homes Included • Approximately 2.88 Acres • B-2 Highway Commercial Zoning • Multiple Income-Producing Structures • Strong Visibility and Accessibility • Owner-Operator Opportunity • Employee or Management HousingOn-Site • Expansion and Redevelopment Potential • Prime East Main Street Location • Gateway to Western Colorado Tourism Properties offering this combination of operating income, residential improvements, commercial zoning, and redevelopment potential are increasingly difficult to find. Continue a successful hospitality operation today while positioning yourself for tomorrow's growth and development opportunities.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$304 USD /SF

# OF ROOMS

23

PRICE/ROOM

$152,174 {currency}

CAP RATE

7.43%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Country Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,146 SF

ZONING

B-2

APN/PARCEL ID

R0030028

ASK ABOUT THIS PROPERTY

Isaiah PerezKeller Williams Realty Southwest AssociatesMore Info
505-500-2081

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Isaiah PerezKeller Williams Realty Southwest AssociatesMore Info
505-500-2081

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