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28340428
28340434

1901 Rose Ave, Burlington, CO 80807

GK
CO FA.001312096
Unique Properties, Inc
ED
CO FA100069715
Unique Properties, Inc
Listed by Unique Properties, Inc
$990,000
197 days on market
Updated 7 days ago
Opportunity zone

Sloan's Motel

Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 7,329
Beds 29
Occupancy 100%
Pro-Forma Cap Rate 20.93%
Pro-Forma NOI $207,176
Price per SqFt $135
Year Built 1950
Year Renovated 2023
Buildings 4
Stories 1
Acreage 1.960

Operating Motel W/Short & Long Term Tenants - PROJECTED 2026 CAP RATE 20.9%

Marketing description

**Profitable Motel for Sale near Colorado/Kansas Border**

Discover an incredible investment opportunity with this recently renovated motel conveniently located just off of I-70 near the Colorado/Kansas border. Whether you're an entrepreneur seeking a steady stream of short-term clientele or aiming to tap into the thriving long-term tenant market, this motel has it all.

Key Features:

1. Prime Location: Strategically situated just off I-70, our motel provides easy access for travelers passing through, making it the perfect stopover for truckers, hunters, contractors, and oil and gas professionals. Additionally, the motel enjoys regular business from long-term tenants in the area.

2. Recent Renovations: A significant investment of over $300k has been made in capital improvements, ensuring that every corner of the motel exudes a fresh and contemporary ambiance. From the exterior to the interior, attention to detail is evident throughout.

3. Diverse Room Options: Catering to various needs, our motel offers a range of room types including Standard, King Bed, Kitchenette, and Apartment units. This diversity allows you to attract a wide array of guests seeking different levels of comfort and amenities.

4. Flexibility in Rentals: The choice is yours when it comes to structuring leases. Whether you're interested in short-term or long-term rentals, you have the freedom to customize rental options according to your business strategy.

5. Connectivity: In today's digital age, high-speed fiber internet is a must. Our motel is equipped with top-tier fiber internet and Dish Network, ensuring that your guests stay connected and entertained throughout their stay.

6. Experienced On-Site Management: The current manager is open to staying on board, seamlessly overseeing day-to-day operations. This offers a smooth transition for the new owner, ensuring continued success without any disruption.

7. Turnkey Investment: With all the heavy lifting of renovations already completed, you can step into ownership without the usual challenges of a fixer-upper. The motel is ready to welcome guests from day one.

Whether you're an experienced hospitality industry professional looking to expand your portfolio or a newcomer seeking a promising investment, this motel offers a unique opportunity to capitalize on its strategic location and recent renovations. Don't miss out on the chance to own a thriving business in a prime location. Contact us today to learn more about the individual room improvements, financial projections, and the potential this motel holds.

Investment highlights

  • Directly off of I-70 near the Colorado/Kansas Border
  • Perfect for short term tenants such as hunters, truckers, contractors, oil and gas, etc. as well as long term tenants in the area.
  • Recently Renovated - over $350k in capital improvements
  • Capital Improvements included in next page - individual room improvements available upon request
  • All Rooms are Keyless Entry
  • Multiple room and apartments types - Standard, King Bed, Kitchenette, and Apartment.
  • Short Term and Long Term rental options for tenants - new owner can structure leases however they would like
  • High Speed Fiber Internet and Dish Network in place
  • Manager open to staying on board to run the day-to-day operations
  • All of the heavy lifting has been done!

Listing Contacts

GK
CO FA.001312096
Unique Properties, Inc
ED
CO FA100069715
Unique Properties, Inc
Listed by Unique Properties, Inc

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