$590,000

1415 Grand Avenue

Norwood CO, 81423

Description

A Perfect opportunity to purchase a well maintained Motel, in a unique Western Colorado ranch town, at a price that screams: "BUY ME"! The Norwood Inn is now available offering a 14% CAP Rate for an Absentee Owner/Investor! All 12 rooms are equipped with kitchen and bath and have been upgraded throughout the past 4 years. Owner/Manager unit is adjacent to the office/front desk area. The Inn is in a prime downtown location with plenty of off street parking, and close proximity to restaurants and a grocery store. Regular guests include business travelers and contractors, (who typically are extended stay), as well as tourists, hunters, skiers, and other outdoor enthusiasts. Telluride Ski & Golf Resort is just 45 minutes away with Shuttle service stop directly in front of Motel. This Property will not last long at this price! Find the Motel website for additional details and photos.

Details

MLS#761544
StyleHospitality
Sub-TypeResale
StatusActive
Year1947
Days On Site74

Features

SQ Feet4,074
Story(s)1
Units13
Zoningbusiness

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Area Information

StateCO
CountySan Miguel CO
CityNorwood
Zip Code81423
AreaWest End
Listing VS Median (in 81423)
Price:
$590,000
low | high
Med:
$217,500
100% of Average
SqFt:
4,074
low | high
Med:
0
100% of Average
$ / SqFt:
$145
low | high
Med:
$0
100% of Average
On Site:
74
low | high
Med:
130
56.923076923077% of Average
Listing Updated: 10/16/2019



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