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.

  • MLS# 761544
  • Style Hospitality
  • Sub-Type Resale
  • Status Active
  • Year 1947
  • Days On Site 74
SQ Feet 4,074
Story(s) 1
Units 13
Zoning business
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $590,000
171.26%
$217,500 in 81423
this listing 74 on site
43.08%
130 on site in 81423

Location

State CO
County San Miguel CO
City Norwood
Zip Code 81423
Area West End

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