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3077 Main Avenue

Durango, CO 81301
  • $2,695,000
  • STATUS: Active
  • ON SITE: 74 Days
  • MLS #: 791122
$2,695,000
  • 0
    BEDS
  • 0.6
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 11,985
    SQFT
  • $225
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1965
County:

School Ratings & Info

Listing courtesy of Coldwell Banker Distinctive Properties.


Description

Don't miss out on this excellent opportunity to own a successful, longstanding lodging operation in the heart of Historic Durango, Colorado! Tourism in the area is at an all-time high, and the record number of visitors coming to the area looks to continue, so this is your chance to capitalize on the growing Durango tourism industry. This well-established motel operation caters to tourists during all seasons, and offers extended stay rates during the off-season as well for those needing something more long-term. This 35 room motel is located on a busy stretch of Main avenue, with 175' of Main Avenue frontage and a highly visible signage. The property is located within walking distance to several of Durango's most popular restaurants, a full service grocery store, retail shopping, the Durango Rec Center, and the Animas River Trail. Of the 35 rooms, 17 have two queen beds, four rooms have three queen beds, eight are single king rooms, and six are single queen rooms. Two of the single king rooms have been recently remodeled to include kitchenettes and new furniture. These king studio rooms rent for a premium, and have been very popular with guests. All but three of the rooms have hot water heat. In addition to the 35 guest rooms, there is also a one bedroom on-site manager's quarters. This could also be an excellent opportunity for redevelopment, or continue with renovating more rooms and make this into your own boutique motel. The income supports the continued operation of the existing motel as the current owner has done successfully for 45 years.

Monthly Payment Calculator

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Blackmore Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-05-20T23:56:39.56.
www.homesforsaledurango.com/homes/126477033
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3077 Main Avenue Durango, CO 81301

  • Price: $2,695,000
  • Status: Active
  • On Site: 74 Days
  • MLS #: 791122
0
Beds
9
Baths
0
½ Baths
0.6
Acres
11,985
SQFT
$225
$/SQFT
1965
Built
Neighborhood:
Animas City
County:
La Plata
Area:
Durango In Town
Property Description
Don't miss out on this excellent opportunity to own a successful, longstanding lodging operation in the heart of Historic Durango, Colorado! Tourism in the area is at an all-time high, and the record number of visitors coming to the area looks to continue, so this is your chance to capitalize on the growing Durango tourism industry. This well-established motel operation caters to tourists during all seasons, and offers extended stay rates during the off-season as well for those needing something more long-term. This 35 room motel is located on a busy stretch of Main avenue, with 175' of Main Avenue frontage and a highly visible signage. The property is located within walking distance to several of Durango's most popular restaurants, a full service grocery store, retail shopping, the Durango Rec Center, and the Animas River Trail. Of the 35 rooms, 17 have two queen beds, four rooms have three queen beds, eight are single king rooms, and six are single queen rooms. Two of the single king rooms have been recently remodeled to include kitchenettes and new furniture. These king studio rooms rent for a premium, and have been very popular with guests. All but three of the rooms have hot water heat. In addition to the 35 guest rooms, there is also a one bedroom on-site manager's quarters. This could also be an excellent opportunity for redevelopment, or continue with renovating more rooms and make this into your own boutique motel. The income supports the continued operation of the existing motel as the current owner has done successfully for 45 years.
Exterior Features

Acreage Range .5-.99 Carport No Lot Dimension 175X150 Parking Paved20 + Total SpacesCommon Sewer Public Sewer Installed Stories 2 Street Description State Highway150'+ Frontage Water Public Water Well No Waterfront YN No

Interior Features

Finished Sq Ft 11985 Furn Fixt Equip All Ffe included Heating Fuel Source ElectricNatural Gas Heating System Boiler One Quarter Baths 0 Total Offices 0

Property Features

Books Available Yes Cam No Covenants No Current Use Lodging Exchange Trade No Existing Utilities ElectricInternetNatural GasSanitary SewerWater Fixtures Included Yes Inventory Included Yes Lease Included No New Construction YN No Owners Association No Possible Property Use Bar/LoungeConvenience StoreLodgingProfessional/MedicalRestaurantRetail StorefrontShowroom Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Total Taxes 14282.52 Type Hotel/Motel Variable Rate No Water Rights No Zoning Type Commercial

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2022. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Blackmore Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-05-20T23:56:39.56.
 
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The Blackmore Group
842 Main Ave
Durango CO, 81301
Listing courtesy of Coldwell Banker Distinctive Properties.