56 El Paso Blvd - Hospitality FOR SALE


Manitou Springs, CO 80829
$2,750,000 USD
719-667-6862
56 El Paso Blvd, Manitou Springs, CO for Sale
$2,750,000 USD
Hospitality - FOR SALE
1/46
null | Request Cap Rate

56 El Paso Blvd
Manitou Springs, CO 80829


OVERVIEW

The historic Red Wing Motel, an 11,588 square foot building originally constructed in 1951 (with expansion in 1961), stands as a charming boutique property in the heart of Manitou Springs, Colorado, offering immediate access to the Garden of the Gods park and stunning views of Pikes Peak. Extensively renovated in 2016 with over $1.3 million invested, this well-maintained, turnkey operation features 19 updated guest rooms alongside a manager's 1-bedroom apartment and an owner's 2-bedroom apartment. This property blends mid-century character with modern comforts including free high-speed internet, smart TVs, and other on-site amenities. The Red Wing Motel is recognized in the area for its cleanliness, quiet location, and welcoming atmosphere. It presents an exceptional opportunity for immediate value-add enhancements in a prime tourist destination.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$237 USD /SF

# OF ROOMS

19

PRICE/ROOM

$144,737 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Wing Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1951

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

C

APN/PARCEL ID

74044-08-005

ASK ABOUT THIS PROPERTY

Kendra SearcyNAI Highland Commercial Group, LLCMore Info
719-667-6862

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Kendra SearcyNAI Highland Commercial Group, LLCMore Info
719-667-6862

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