4700 N Nevada Ave - Hospitality FOR SALE


Colorado Springs, CO 80918- Pulpit Rock
$1,100,000 USD
715-512-0265
4700 N Nevada Ave, Colorado Springs, CO for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/6
null | 9.88% Cap Rate

4700 N Nevada Ave
Colorado Springs, CO 80918
Pulpit Rock


HIGHLIGHTS

  • Manager Quarters on Site
  • Billboard Income
  • Quick I-25 Access
  • Signage on North Nevada
  • C6 Zoning

OVERVIEW

Hoff & Leigh proudly presents The Big Horn Lodge, an incredible opportunity along North Nevada Avenue! This rare opportunity can continue being operated as a profitable motel or repurposed to take advantage of the C6 zoning. There is endless potential with this unique property. The property is on 0.5 acres, and currently a 12 unit motel with a large on-site manager suite. Contact us today for more information. * Cap Rate – 9.8% * 2024 Expected NOI- $108,696.34 * Billboard Income- $5,000 / year * 2023 Property Taxes- $6,237.18

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$257 USD /SF

# OF ROOMS

12

PRICE/ROOM

$91,667 {currency}

CAP RATE

9.88%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Big Horn Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1954

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

C6

APN/PARCEL ID

63194-02-020

ASK ABOUT THIS PROPERTY

Brandon LangiewiczHoff & Leigh, Inc.More Info
715-512-0265

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

Brandon LangiewiczHoff & Leigh, Inc.More Info
715-512-0265

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