Nice Extended-Stay Property
Location Colorado,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $277000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance No
Year Established 1962
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description ASKING PRICE $1,200,000. 9-guestrooms in a 2-story building (1962), plus seven (7) new Cabins/Cottages, fully equipped with full baths, refrigerators and microwaves opened in late 2006. One Cabin, larger than the others, also features a small office, rarely needing to be staffed, and laundry facility. Heating and cooling is provided via individual HVAC units, and state-of-the-art telephone service, high-speed Internet, coffeemakers, refrigerators, microwaves ovens, TV's, and quality furnishings are in place. A profitable guest laundry is part of this successful lodging operation.
The facilities are situated on approximately 34,280 square feet (+/-) of land, and its mature trees provide shaded parking to residents. Adjacent land may be available for expansion.
Rangely, Colorado, is located at or near the center of Piceance Basin, which holds a verified world-record of 800-billion barrels of recoverable natural crude oil contained in shale rock, this region also holds an immense wealth of natural gas and crude oil in liquid form. While Chevron has been active in town since 1931, and most other oil and gas conglomerates having been around for more than twenty-years too, in the last few years each has brought more and more staff and executives to town.
The Subject Property's location within Rangely is absolute prime. Colorado Highway 64 is not only an attractive, designated 'scenic' road, it is also the town's main thoroughfare. With the fully equipped cabins being new, the property is in truly 1st Class condition. With the selling family's ownership in place since 1962, this is not an emergency-sale at all. The planned sale is caused by a desire to retire. Contact for more information on this Extended-Stay Property for sale.
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