2019 N Poplar St - Hospitality FOR SALE


Leadville, CO 80461
$7,500,000 USD
406-531-4246
2019 N Poplar St, Leadville, CO for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/21
null | 7.28% Cap Rate

2019 N Poplar St
Leadville, CO 80461


HIGHLIGHTS

  • Favorable seller-financing terms
  • Turn-key non-franchised asset
  • Meticulously maintained, all major systems have been replaced or upgraded within the last few years
  • Sizable unfinished walk-out basement prime for expansion (9,342 SF)
  • Zoned C1, flexible commercial use
  • Spacious 2-story on-site manager’s apartment (2Bd/1.5Ba)

OVERVIEW

Introducing the exceptional investment opportunity, The Columbine Inn & Suites, a 41-room hotel. This property offers tremendous potential for a new owner, given its excellent condition, strategic location, and favorable seller-financing terms. Built in 1998 and encompassing a generous 36,364 square feet of building space on a 34,364 square foot lot, the hotel features a well-balanced unit mix of 16 – Single Queen, 21 – Double Queen, 1 – Single King, and 3 – Suites. In addition, there is a private two-story, 2-Bd/1.5Ba manager’s apartment, ideal for on-site living quarters for ownership or staff. All major systems are in excellent condition, majority of which have been fully replaced or updated within the last few years including newer roof, new parking lot, brand-new additional back-flow system, new boiler, new water heaters, and consistent room updates/turns. The property is zoned C1, offering highly flexible commercial use and significant upside potential. As for upside, the building includes a sizable walk-out unfinished basement, ideal for future expansion – whether for additional guest rooms, event space or some type of retail. This meticulously maintained, non-franchised hotel offers a turnkey opportunity for investors seeking strong in-place performance with room to grow in one of Colorado’s most scenic and historically rich mountain towns – now made even more attractive through competitive seller-financing terms and the unfinished basement prime for expansion.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$199 USD /SF

# OF ROOMS

38

PRICE/ROOM

$197,368 {currency}

CAP RATE

7.28%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Columbine Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C1

APN/PARCEL ID

263314000019

ASK ABOUT THIS PROPERTY

Dan HawthorneNorthPeak Commercial AdvisorsMore Info
406-531-4246

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Dan HawthorneNorthPeak Commercial AdvisorsMore Info
406-531-4246

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