Alpine Village Resort
Resort For Sale | 9.5% Cap Rate | Seasonal Cabins in Lake City, CO
Marketing description
SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of Alpine Village, an established, seasonal cabin resort (6/1 - 9/30) situated in historic Lake City, Colorado ("Property"). Located in Western Colorado, approximately 255 miles southwest of Denver, the Property offers a remote mountain retreat with convenient access to top regional attractions. These unique rustic cabins come with modern comforts, and the Property benefits from its walkable proximity to downtown Lake City amenities and direct access to the region's marquee outdoor demand drivers. Its proximity to high altitude hiking trails, Lake San Cristobal, and numerous outdoor attractions, makes it an ideal destination for outdoor enthusiasts.
The Property offers twelve cabins, providing a range of comfortable accommodations designed to suit a variety of group sizes. Each unit is equipped with a full kitchen, private bathroom, queen bed, flat screen smart TV, Wi-Fi, and in-room coffee. Guests also enjoy inviting outdoor common areas, including fire pits, picnic tables, grills, and a fish cleaning sink, all the while surrounded by the natural beauty of the San Juan Mountains.
The Property has been extensively renovated inside and out, and each cabin includes new contents and furnishings, as well as updated electrical service. Over $300,000 in capital improvements have been completed over the past several years, making Alpine Village a one-of-a-kind, turnkey investment.
Investment highlights
- • Well-Established Seasonal Mountain Log Cabin Resort situated in historic Lake City, Colorado. The season runs from approximately June 1st through September 30th each year, offering an unmatched lifestyle for an owner-operator.
- 9.5% Cap Rate based on the Property's 2024-2025 average EBITDA
- 12 Cabins including ten studio cabins (each sleeping 4) and two “Deluxe” cabins (each sleeping 6).
- The Property Maintains 80-85% Occupancy During the Season with a high percentage of advanced bookings, and repeat customers. Many guests make their July bookings a year in advance, leading to 90% occupancy in July before the season even begins.
- Significantly Renovated Inside and Out including new contents and furnishings as well as electrical service have been implemented over the past 4 years. Over $300,000 in upgrades and renovations have been completed over this period.
- Prime Location Just Blocks from Downtown Lake City, with access to a wide range of outdoor activities, including hiking, fishing, four-wheeling, etc.
- Broker of Record: Michael A. Corbey with Realspace Commercial Real Estate LLC (CO License: ER.040024487)
- Listing Website: https://www.northco.com/properties/AlpineVillageResort
- Video Link: https://www.dropbox.com/scl/fi/xs1d6er6u7b396w2z6wro/Alpine-Village.mp4?rlkey=b38k6gtjcr2ty5pyh8g0q3yyl&e=1&st=s79ts5w9&dl=0
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