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Montrose Hotel TBD E Main St

7 Room Hotel Montrose, CO 81401 £939,960 (£134,280/Room)

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Investment Highlights

Guest Check In Area
Private Patios, Outdoor pool
Seller Financing Available

7 Suites, 4 Bathrooms
Main Street Access & Visibility, Walking Distance to Restaurants

Executive Summary

This property in Montrose, Colorado, presents an exceptional investment opportunity, ideal for various ventures such as boutique hotels, Airbnb, lifestyle accommodations, or wedding venues. The interior includes a welcoming guest check-in area, seven elegantly designed suites, and four well-appointed bathrooms. Cozy fireplaces enhance the ambiance, while five separate entrances provide convenience and privacy.
Located within walking distance of local eateries, including a Mexican restaurant and a bar, the property also features a manager's live-in suite complete with a bathroom and kitchen. Guests will appreciate amenities like an outdoor pool, a designated cooking area, and private patios. Ample parking is available, accommodating up to 15 vehicles.
Situated just minutes from the Montrose Regional Airport, this property is the perfect gateway to the Telluride ski resort, Silverton, and various year-round recreational activities. Its convenient proximity to popular destinations such as Ridgeway, Ouray, Grand Junction, and Durango makes it a prime location that should not be overlooked.
Transfer of Deed and closing will be dependent upon successful subdivision split with City of Montrose. Taxes are estimated and to be adjusted with subdivision split. Split estimated to be completed April 2025.

TBD E Main St

Property Facts

Price	£939,960	Building Size	3,700 SF
Price Per Room	£134,280	No. Rooms	7
Sale Type	Investment	Number of Floors	1
Property Type	Hospitality	Year Built/Renovated	1955/2013
Property Subtype	Hotel	Parking Ratio	4.05/1,000 SF
Building Class	C	Corridor	Exterior
Lot Size	0.57 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£939,960
Price Per Room	£134,280
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.57 AC
Building Size	3,700 SF
No. Rooms	7
Number of Floors	1
Year Built/Renovated	1955/2013
Parking Ratio	4.05/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.