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A local motel located in the key location

Hospitality | 29 Keys | $34,483/key

Listing Contacts

Active

Asking Price: $1,000,000
Earnest Money  Deposit: $50,000 min.
Address 

1460 E Chestnut St, Sterling, CO 80751

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Date Added
Mar 18, 2025
Days on Market
34 days
Time Since Last Update
34 days

Details

Property TypeHospitality
SubtypeMotel
Investment TypeOwner/User
Price/Sq Ft$106.55
Pro-Forma Cap Rate16.00%
Pro-Forma NOI$160,000
Beds29
Keys29
Year Built1973
Year Renovated2024
Stories1
Lot Size (acres)1
APN38052533415007
Price/Key$34,482.76

Marketing Description

First Interstate Inn is a well-positioned hospitality asset located at 1460 Chestnut Ave.​, Sterling, CO, strategically situated along the highly visible frontage of US HWY 6 and Interstate Freeway I-76.​ This prime location offers exceptional exposure to travelers, business visitors, and long-term guests passing through northeastern Colorado.​

Sterling serves as a regional hub for approximately 70,000 people on the High Plains of Colorado.​ The city's diversified economy generates over a billion dollars annually, with significant contributions from agriculture, retail, healthcare, and professional services.​ Agriculture remains a cornerstone of the local economy, encompassing wheat production, organic millet, corn, alfalfa, beef cattle, sheep, and dairy operations.​ Additionally, Sterling has expanded into oil and gas production, along with various service industries, further broadening its economic base.​

Originally built in 1973, the property underwent a complete remodel in 2024, modernizing its accommodations, amenities, and overall guest experience.​ Currently operating as an absentee-owned business with an on-site manager overseeing daily operations, this turn-key opportunity is ideal for an owner-operator or an investor seeking a hands-off approach.​

The sale includes all furniture, fixtures, and equipment (FFE), an established customer base, trained staff, and the going concern value of the business—ensuring a seamless transition.​ Additionally, the seller will provide a two-week training period to support the new owner.​

Attractive Seller Financing Available! The seller is offering exclusive financing options with an exceptionally competitive interest rate, well below prevailing market rates.​ This presents a rare opportunity to acquire a beautifully renovated starter hotel with highly advantageous financing terms, making it an ideal investment for first-time hotel owners or seasoned investors seeking a strategic acquisition.​

Investment Highlights

  • Prime Location & Visibility: Positioned on the frontage of US HWY 6 and I-76, ensuring high exposure to highway travelers and local traffic.

  • Complete 2024 Remodel: Fully updated property with modernized accommodations and amenities, enhancing guest experience and revenue potential.

  • Absentee Ownership Model: Currently operated with an on-site manager, offering flexibility for passive or hands-on investors.

  • Turn-Key Business: Sale includes all FFE, an established customer base, and trained staff for a smooth transition.

  • Strong Traffic & Demand Drivers: High demand from business travelers, tourists, and long-term guests in a growing market.

  • Proven Operating History: Established in 1973 with a track record of consistent operations and recent capital improvements.

  • Seller Support & Training: Two weeks of hands-on training provided to ensure a successful transition.

  • Exclusive Seller Financing: The seller is offering highly attractive financing with an interest rate significantly below market standards, creating an unparalleled opportunity to acquire a starter hotel with exceptional affordability and long-term profitability.

This fully renovated property presents an outstanding opportunity for investors looking to acquire a profitable hospitality asset in a prime location with unmatched financing terms.

Let me know if you'd like any further refinements!

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Due Diligence

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