Motel - Colfax & 225
Location Colorado,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $250000
Net Profit / Cash Flow $134000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1956
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training 1 week before closing and 1 week after closing.
Reason for Sale To relocate out of state.
Description 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.
Click Here To Contact Seller
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