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60 Hickory Ave
17 Room Hotel Akron, CO 80720 £681,606 (£40,094/Room) 14.86% Net Initial Yield
Executive Summary
MOTEL and EVENT CENTER on 2.21 Acres! Excellent investment opportunity where you can live and work from the same location! Successful motel with 17 rooms (13 singles and 4 doubles). Each room includes a private bathroom, nightstand, desk/table with chair, lamps, microwave, mini refrigerator and TV. Private 2-Bedroom residence with living room and kitchen connected to office/lobby area. Lobby/lounge area and registration office were recently remodeled including tile and wood flooring, fireplace insert, coffee bar, and 2 ADA compliant bathrooms. The Event Center features a large conference room with connecting full-size kitchen and a separated recreation room with playroom. Additional bathrooms located within the event center. Professional office with private entrance and private bathroom also available to be rented. Property also features a heated/cooled 1600sqft shop with 4 garage doors. Truck parking with electrical hook-ups located in the parking area. Commercial grade washer/dryer on site. Guest laundry area and ice machine available. Must see to fully appreciate the amazing potential of this property!
Property Facts
| Price | £681,606 | Lot Size | 2.16 AC |
| Price Per Room | £40,094 | Building Size | 12,000 SF |
| Sale Type | Investment | No. Rooms | 17 |
| Net Initial Yield | 14.86% | Number of Floors | 1 |
| Property Type | Hospitality | Year Built | 1980 |
| Property Subtype | Hotel | Opportunity Zone |
Yes
|
| Building Class | C |
| Price | £681,606 |
| Price Per Room | £40,094 |
| Sale Type | Investment |
| Net Initial Yield | 14.86% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.16 AC |
| Building Size | 12,000 SF |
| No. Rooms | 17 |
| Number of Floors | 1 |
| Year Built | 1980 |
| Opportunity Zone |
Yes |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 17 | - | - |
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PROPERTY TAXES
| Parcel Number | 92036001006 | Improvements Assessment | £364,542 |
| Land Assessment | £14,895 | Total Assessment | £379,437 |
PROPERTY TAXES
Parcel Number
92036001006
Land Assessment
£14,895
Improvements Assessment
£364,542
Total Assessment
£379,437
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Presented by
Platte River Realty
60 Hickory Ave
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