215 E 3rd St - Hospitality FOR SALE
La Junta, CO 81050 |
$800,000 USD
303-949-2812
215 E 3rd St
La Junta, CO 81050
OVERVIEW
Very well maintained local motel with good returning, 23 % CAP rate, Net Operating Income approximately $190,000 based on Year 2025. Owner absenteed operating business.
Must visit to see this property. 25 Keys in addition huge Manager's Living Quarters. The subject property has been totally renovated in 2023 and 2024 with substantial amount of money
FOR SALE DETAILS
PRICE
$800,000 USD
PRICE/SF
$79 USD /SF
# OF ROOMS
25
PRICE/ROOM
$32,000 {currency}
CAP RATE
23.75%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Midtown Inn & Suites
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1958
PARKING SPACES
25
LAND DETAILS
LAND ACRES
0.48 AC
LAND SF
21,000 SF
ZONING
C
APN/PARCEL ID
4643-023-14009,4643-034-22007
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303-949-2812
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303-949-2812
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