CO > Montrose
Montrose, CO 81401,TBD E Main Street
Montrose, CO 81401,TBD E Main Street
Montrose, CO 81401,TBD E Main Street
Montrose, CO 81401,TBD E Main Street
Montrose, CO 81401,TBD E Main Street
Montrose, CO 81401,TBD E Main Street
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Amanda Maxwell

Amanda Maxwell

+1(970) 394-0732
$ 585,000
Est. payment | /mo

4 Baths

3,261 SqFt

Save
$ 585,000
Est. payment | /mo
Save

4 Baths

3,261 SqFt

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

Colorado Real Estate Network (CREN) + Sold
Listed by Bray Commercial LLC
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 394-0732

amanda@maxwellbuilt.net

19 S Broadway, Cortez, CO, 81321-3401, USA

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TBD E Main Street