3301 W Service Rd - Hospitality FOR SALE


Evans, CO 80620
$7,000,000 USD
970-402-3582
3301 W Service Rd, Evans, CO for Sale
$7,000,000 USD
Hospitality - FOR SALE
1/27
null | Request Cap Rate

3301 W Service Rd
Evans, CO 80620


HIGHLIGHTS

  • Prime location/7.84 acre lot with excellent visibility in a fast growing area.
  • Right off of HWY 85 and HWY 34.
  • Situated in Opportunity Zone.
  • Well built building with 73 guest rooms, event center, restaurant, business center and more.
  • The lot can be divided for different development opportunities.

OVERVIEW

7.84-acre site located right off of HWY 85 and HWY 34! - Prime location in a rapidly growing area. The lot can be divided to open up more opportunities. This existing 73-room indoor corridor hotel is situated on 7.84 acres, adjacent to a new McDonald's and retail center surrounded by ongoing development and established users. This well-built property features a large lobby with a two-story-high, attractive ceiling, a restaurant with an elevator that requires repair, and a spacious event center. It also has a full basement with a high ceiling. This can be converted into a rehabilitation center, an assisted living facility, a multifamily building, or restored to its original glory as a hotel. The potential is endless. Showings will be done discreetly by appointment only.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$145 USD /SF

# OF ROOMS

73

PRICE/ROOM

$95,890 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

100

LAND DETAILS

LAND ACRES

7.84 AC

LAND SF

341,510 SF

ZONING

PUD, Evans

APN/PARCEL ID

R3882086

ASK ABOUT THIS PROPERTY

Kim ChoiColdwell Banker The Property ExchangeMore Info
970-402-3582

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Kim ChoiColdwell Banker The Property ExchangeMore Info
970-402-3582

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