611 E Olive St - Hospitality FOR SALE


Lamar, CO 81052
$1,100,000 USD
847-912-8262
611 E Olive St, Lamar, CO for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/2
null | Request Cap Rate

611 E Olive St
Lamar, CO 81052


OVERVIEW

Golden Arrow Motel – Investment Opportunity in Lamar, CO! Price: $1,100,000 Address: 611 E Olive St, Lamar, CO Property Highlights: 20 Rooms – fully operational motel Lots of Upgrades & Recent Updates Brand New Roof ARV: $1,500,000 Clean, updated rooms with modern finishes – ready to rent out and generate cash flow! This is a turnkey investment opportunity with strong upside potential. Perfect for investors looking for a cash-flowing motel property in a prime Lamar location. Don’t miss out – opportunities like this don’t last long!

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$139 USD /SF

# OF ROOMS

20

PRICE/ROOM

$55,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golden Arrow Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1934

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,002 SF

ZONING

-

APN/PARCEL ID

2000-34-310

ASK ABOUT THIS PROPERTY

Good News Group FerraroGood News Group LLCMore Info
847-912-8262

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Good News Group FerraroGood News Group LLCMore Info
847-912-8262

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