Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

946 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Aspen Inn Creede 123 N Main St

4 Room Hotel Creede, CO 81130 £755,744 (£188,936/Room)

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Beautiful rooms
recent renovation

Great Location

Executive Summary

Own a piece of downtown Creede! This building was Creede's firehouse for many many years before being remodeled and turned into a restaurant and Inn. Today it is the Aspen Inn upstairs, with 5 bedrooms, 4 baths. Profitable business! The downstairs is leased out to a local brewery for a secondary taproom (longterm lease established, but can be negotiated).

Financial Summary (Actual - 2022)	Annual	Annual Per SF
Gross Rental Income	£99,440	£19.73
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£99,440	£19.73
Taxes	£8,751	£1.74
Operating Expenses	£73,188	£14.52
Total Expenses	£81,939	£16.26
Net Operating Income	£17,501	£3.47

Financial Summary (Actual - 2022)

Gross Rental Income
Annual	£99,440
Annual Per SF	£19.73

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£99,440
Annual Per SF	£19.73

Taxes
Annual	£8,751
Annual Per SF	£1.74

Operating Expenses
Annual	£73,188
Annual Per SF	£14.52

Total Expenses
Annual	£81,939
Annual Per SF	£16.26

Net Operating Income
Annual	£17,501
Annual Per SF	£3.47

Property Facts Under Contract

Price	£755,744	Lot Size	0.14 AC
Price Per Room	£188,936	Building Size	5,040 SF
Sale Type	Investment	No. Rooms	4
Property Type	Hospitality	Number of Floors	2
Property Subtype	Hotel Light Industrial Showroom General Retail Bar General Retail Freestanding	Year Built/Renovated	1892/2020
Building Class	C	Corridor	Interior

Price	£755,744
Price Per Room	£188,936
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel Light Industrial Showroom General Retail Bar General Retail Freestanding
Building Class	C
Lot Size	0.14 AC
Building Size	5,040 SF
No. Rooms	4
Number of Floors	2
Year Built/Renovated	1892/2020
Corridor	Interior

Amenities

High Speed Internet Access

Public Access Wi-Fi

Smoke-Free

Room Mix Information

Description	No. Rooms	Daily Rate	SF
Guest Room	4	£120.92	-

PROPERTY TAXES

Parcel Numbers	Multiple 476325422014 476325422005	Total Assessment	£199,797 (2023)
Land Assessment	£33,471 (2023)	Annual Taxes	£8,751 (£1.74/sf)
Improvements Assessment	£166,327 (2023)	Tax Year	2022