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Montrose,CO 81401
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 3,261 sqft
Price per Sqft $179
MLS Listing ID 827490
Full Baths 4
Year Built 1955
Annual Tax Amount $8,645
Tax Year 2024
Lot Size 0.570 Acres
Acres 0.57
Property Sub-Type Hotel/Motel
Property Description
PROJECTED NOI: $85,800 (AIRDNA) PROJECTED Net Cap Rate 7.2% (AIRDNA) Four (Potential 5) Room Bed & Breakfast Inn in Montrose, Colorado, presents an exceptional investment opportunity, ideal for various ventures such as boutique hotels, Airbnb, lifestyle accommodations, or wedding venues. Once subdivision is complete this property is expected to generate $85,800 in NOI with a projected 7.2% net cap rate (AIRDNA Source). The interior includes a welcoming guest check-in area, four (potentially five) elegantly designed suites, and four well-appointed bathrooms. Cozy fireplaces enhance the ambiance, while five separate entrances provide convenience and privacy. Located within walking distance of local eateries, including a Mexican restaurant and a bar, the property also features a manager's live-in suite complete with a bathroom and kitchen. Guests will appreciate amenities like an outdoor pool, a designated cooking area, and private patios. Ample parking is available, accommodating up to 15 vehicles. New exterior paint in 2025. Situated just minutes from the Montrose Regional Airport, this property is the perfect gateway to the Telluride ski resort, Silverton, and various year-round recreational activities. Its convenient proximity to popular destinations such as Ridgeway, Ouray, Grand Junction, and Durango makes it a prime location that should not be overlooked. Property Facts: • 3,700 Square Feet • 0.57 Acres • Guest Check In Area • Manager Live In Suite (Includes Bathroom & Kitchen) • 4 Suites (Potential 5) • 4 Bathrooms • Fireplaces • 5 Separate Entrances • Private Patios • Exterior Cooking Area • Outdoor Pool • 15 Parking Spaces • Main Street Access & Visibility • Walking Distance to Restaurants • Seller Financing Available Montrose Facts: • Elevation: 5,807 • Population: 21,003 (2022) • Total Area: 18.5 Square Miles • Founded 1882
Location
State CO
County Montrose
Interior
Heating Forced air
Cooling Refrigerated Air
Flooring Carpet,Tile,Vinyl
Furnishings Furnished
Exterior
Parking Features 10-20 Total Spaces
Garage Spaces 15.0
Utilities Available Electric,Internet,Natural Gas,Phone,Sanitary Sewer,Water
Roof Type Membrane
Building
Story 1
Foundation Slab
Sewer Public Sewer Installed
Water Public,Water Installed
New Construction No