54 Manitou Ave - Hospitality FOR SALE


Manitou Springs, CO 80829
$2,390,000 USD
719-494-4035
54 Manitou Ave, Manitou Springs, CO for Sale
$2,390,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

54 Manitou Ave
Manitou Springs, CO 80829


HIGHLIGHTS

  • High traffic volume
  • Close to many attractions
  • Medium to heavy foot traffic at times
  • Mountain Setting

OVERVIEW

Park Row Lodge Motel is a promising investment with significant potential for the right buyer. Claim it as your own today! This property features a 21-unit motel, including 2 cottages, spread across 1.31 acres. It presents an opportunity to acquire a piece of Colorado history. Located in Manitou Springs, a popular tourist destination, the area offers numerous attractions such as the renowned Manitou Incline, Mineral Springs, Cave of the Winds, The Cliff Dwellings, Garden of The Gods, Pikes Peak, and many more sites to explore. The following information provided from Google: • Built in 1948, the Park Row Lodge in Manitou Springs, Colorado, is a historic Eisenhower-era motor inn located at 54 Manitou Avenue. It was designed to cater to tourists visiting the area for its natural mineral springs and mountain scenery, maintaining its vintage charm as a roadside America staple for over 60 years. • Origins: Established in the post-WWII era (1948), the motel was designed to accommodate the rising popularity of automobile travel. • Location and Features: Situated on 1.31 acres on the east side of Manitou Springs, the property historically featured 21 units, including individual rooms and cabins/cottages. • Location Benefits: The motel is noted for its prime location, backing onto Fountain Creek and providing close access to Garden of the Gods and downtown Manitou Springs. • Evolution: Over the years, the lodge has maintained its vintage appeal while updating amenities, such as offering free WiFi, kitchens, and scenic balconies, according to Manitou Springs. • Current Status: It is recognized as a "Vintage Route 66 Style Motel" by a Tripadvisor user that still serves visitors looking for a nostalgic, non-chain lodging experience near Colorado Springs

FOR SALE DETAILS

PRICE

$2,390,000 USD

PRICE/SF

$136 USD /SF

# OF ROOMS

20

PRICE/ROOM

$119,500 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park Row Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1948

PARKING SPACES

29

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

C

APN/PARCEL ID

74044-10-051

ASK ABOUT THIS PROPERTY

Martin LongoriaMetroplex Real EstateMore Info
719-494-4035

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

Martin LongoriaMetroplex Real EstateMore Info
719-494-4035

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