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Mecca Motel 3518 W Colorado Ave

21 Room Hotel Colorado Springs, CO 80904 £2,347,350 (£111,779/Room)

Investment Highlights

  • Close to Manitou Springs, Old Colorado City, & Garden of the Gods
  • One owner established business

Executive Summary

Exceptional Lodging Property in Prime Pikes Peak Location! This is a rare opportunity to acquire a well-established lodging business, family-owned and operated for over 45 years, with a stellar reputation in the Pikes Peak region. Situated between Old Colorado City and Manitou Springs, the location is ideal for tourists visiting popular attractions like Garden of the Gods and historic Manitou Springs.The property includes generous on-site living accommodations, with a full kitchen, two bedrooms, three bathrooms, a large living room, dining area, and an office. It’s perfect for an owner/operator looking to combine home and work life, with no commute and stunning views of Pikes Peak right outside your door. Currently operated as a seasonal business, the property offers great flexibility. You can maintain the current summer season operation or expand to year-round accommodations. With all rooms on the ground floor, the property is also ideal for transitioning into extended-stay lodging, senior living, or even assisted living. The possibilities are vast, allowing you to shape the future of this property to meet your vision.Occupying its own city block, the property is close to grocery stores, pharmacies, and dining options, making it convenient for both guests and owners. The swimming pool and hot tub provide a relaxing space for leisure, while the iconic retro sign adds a unique charm and local history to the property’s appeal.This business is fully operational and ready for a new owner to continue its success. Whether you choose to operate seasonally or year-round, or pursue new opportunities like extended stays or senior living, this turnkey property offers unlimited potential for growth in a prime tourist destination.Ask listing agent about purchasing the business as well as the building.

Property Facts

Price £2,347,350
Price Per Room £111,779
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.81 AC
Building Size 8,549 SF
No. Rooms 21
Number of Floors 1
Year Built 1930
Tenancy Single
Parking Ratio 2.57/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • Restaurant

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 21 £60.25 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
74033-22-001
Land Assessment
£29,639
Improvements Assessment
£41,611
Total Assessment
£71,250

zoning

Zoning Code C-5 (C-5)
C-5 (C-5)
  • Listing ID: 33381463

  • Date on Market: 02/10/2024

  • Last Updated:

  • Address: 3518 W Colorado Ave, Colorado Springs, CO 80904

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