223 Santa Fe Ave - Hospitality FOR SALE


Alamosa, CO 81101
$1,500,000 USD
303-514-7076
223 Santa Fe Ave, Alamosa, CO for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/13
null | 9.59% Cap Rate

223 Santa Fe Ave
Alamosa, CO 81101


HIGHLIGHTS

  • Excellent location in Alamosa with highway exposure and high traffic counts
  • Growing tourist market with close proxiity to Great Sand Dunes, La Veta Pass and Wolf Creek ski area
  • Excellent opportunity for first time hospitality investor or owner user
  • Upside income potential from on site owner/operator vs. current absentee ownership
  • Popular Wyndham franchise affiliation
  • Expansion potential from adjacent 0.83 acres for future hotel or apartment use. Potential to convert the hotel in to apartment use

OVERVIEW

Opportunity for an owner operator or investor to own a budget friendly franchise hotel in a growing tourist market in southern Colorado. Close to recreational opportunities including the Great Sand Dunes National Park, La Veta Pass, and Wolf Creek ski area. Located on busy U.S. Highway 160, with good traffic counts. The price point is attractive for an entry level operator. There is expansion potential, as there is more than three quarters of an acre of surplus land included in the price. Possible conversion to apartments if desired

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$112 USD /SF

# OF ROOMS

32

PRICE/ROOM

$46,875 {currency}

CAP RATE

9.59%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn Alamosa

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

33

LAND DETAILS

LAND ACRES

2.19 AC

LAND SF

95,396 SF

ZONING

Commercial-N/A

APN/PARCEL ID

541302317024

ASK ABOUT THIS PROPERTY

Alex KovacsMadison Commercial PropertiesMore Info
303-514-7076

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Alex KovacsMadison Commercial PropertiesMore Info
303-514-7076

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