TBD E Main St - Hospitality FOR SALE


Montrose, CO 81401
$560,000 USD
970-778-5083
TBD E Main St, Montrose, CO for Sale
$560,000 USD
Hospitality - FOR SALE
1/36
null | 13.16% Cap Rate

TBD E Main St
Montrose, CO 81401


HIGHLIGHTS

  • Profitable 7 Bedroom Short Term Rental On Visible Corridor

OVERVIEW

Video Tours: https://my.matterport.com/show/?m=eN3zbBxiMCB https://my.matterport.com/show/?m=tt5U1QYsKSL https://my.matterport.com/show/?m=RLSW2BP1LQo https://vimeo.com/1130508465?share=copy&fl=cl&fe=ci Exceptional Investment Opportunity in a High-Traffic Corridor Don't miss this opportunity to acquire a low-entry-price property situated in a prime, highly visible location. This asset utilizes a hybrid weekly/monthly rental model designed to maximize occupancy and revenue, offering the potential for a compelling 13% capitalization rate. Optional income from the seasonal pool and patio area can further boost annual returns by up to $8,000. Property Features & Amenities The property is meticulously set up for hospitality success, featuring: Guest Suites: A welcoming guest check-in area and four (with potential for five) elegantly designed suites. One suite is complete with a private bathroom and kitchen. Capacity & Comfort: A total of 7 beds and 5 well-appointed bathrooms. Atmosphere: Two cozy fireplaces enhance the ambiance, and five separate entrances ensure convenience and privacy for all guests. Outdoor Amenities: Guests will appreciate the outdoor pool, designated cooking area, and private patios. Practical Updates: The exterior features new paint applied in 2025. Parking: Ample on-site parking is available, accommodating up to 15 vehicles. Unbeatable Regional Access The location is a major asset, perfectly positioned in a central hub: Walkable Convenience: The property is within walking distance of popular local eateries, including a bar and a Mexican restaurant. Gateway Location: Located just minutes from the Montrose Regional Airport (MTJ), this is the ideal base for exploring major regional attractions. Recreational Hub: Enjoy convenient access to year-round activities near Black Canyon National Park, Telluride Ski Resort, Silverton, Ridgeway, Ouray, Grand Junction, and Durango. This high-yield property won't last. Contact us today to receive the detailed pro forma financials and seize this outstanding investment opportunity! Property Facts: • 3,700 Square Feet • 0.57 Acres • Guest Check In Area • 7 Beds • 5 Bathrooms • Fireplaces • 5 Separate Entrances Montrose Facts: • Elevation: 5,807 • Population: 21,003 (2022) • Total Area: 18.5 Square Miles • Founded 1882 Seller Financing Available This Seven Bedroom Short Term Rental presents an exceptional investment opportunity, ideal for weekly and monthly rental income. Other ventures could be boutique hotels, Airbnb, lifestyle accommodations, or wedding venues. Subdivision is estimated to be complete in November 2025. Rental Income Breakdown Room 120 - 1BR, Weekly $400.00, Monthly $1,600.00, Annual $19,200 Basement Apartment - 1BR, Monthly $800.00, Annual $9,600.00 Room First Floor - 2BR, Monthly $700.00, Annual $8,400.00 Room 118 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual $28,800.00 Room 119 - 2BR, Weekly $600.00, Monthly $2,400.00, Annual, $28,800.00 Pro Forma Income Monthly Income: $7,900.00 Annual Income: $94,800.00 Season Rent Premiums: $10,400.00 Pool & Patio Rental: $8,000.00 GPI: $113,200 Expenses: $39,500.00 NOI: $73,700 Cap Rate: 13.4%

FOR SALE DETAILS

PRICE

$560,000 USD

PRICE/SF

$151 USD /SF

# OF ROOMS

7

PRICE/ROOM

$80,000 {currency}

CAP RATE

13.16%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Montrose Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1955

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

B2

APN/PARCEL ID

R0650508

ASK ABOUT THIS PROPERTY

Katie DavisBray & Co. CommercialMore Info
970-778-5083

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Katie DavisBray & Co. CommercialMore Info
970-778-5083

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