Motel - Colfax & 225
Location:
United States
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Colorado
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Denver
Industry: Hotels and Holiday Accommodation > Motels
Business Summary
Motel for $1,575,000 located in prime location, a total make-over in area with new hotel construction, new medical center and new affordable housing units being developed. Lots of strip centers, motels and businesses in the vacinity, located half-way between the international airport and down town denver. New high-end residential construction is slated within a few blocks of the property.
The motel has a very large 3 bd apartment sitting above the office. The motel itself is shaped as a rectangle, and consists of 33,250 sq. ft., all utilities service the area. A 34-unit motel with a gross bldg area of 14,285 sq. ft. Direct facing to Colfax Ave. unlimited potential. Investors dream, property developers, affordable housing, best property in the area!
Email or call Rob Meissner,
World Com Realty, Inc. at 720-366-5887 for more information on this Motel for sale.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$250,000
Cash Flow:
$134,000
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1956
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: 1 week before closing and 1 week after closing.
Reason For Selling: To relocate out of state.
Photos
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Click on the "I'm Interested" button above for more information on this Hotels and Holiday Accommodation > Motels business for sale.
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Print Listing Id: 70079419
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