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$ 1,399,999
Est. payment | /mo
0.28 Acres Lot
$ 1,399,999
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7069994
HOA Y/N No
Annual Tax Amount $17,967
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Commercial Land
Source recolorado
Property Description
Hotel / Motel for Sale in Denver, Colorado
This exceptional property features 18 well-maintained guest units along with a caretaker's residence, presenting a rare redevelopment opportunity on the East Colfax corridor. The area has seen successful conversions of similar hotels into high-demand monthly residencies, highlighting the property's flexibility and growth potential.
This asset offers significant value and upside for both savvy investors seeking profitable redevelopment projects and existing hotel owners looking to expand or reposition their portfolio. With strategic remodeling and effective management, the property could be transformed into a high-yield investment, capitalizing on the growing demand for extended stays in Denver.
Priced below construction costs, this opportunity provides an outstanding entry point for those looking to create substantial value through renovation and operational improvements. Don't miss the chance to acquire a prime property in a developing corridor with tremendous potential for appreciation and income growth.
This exceptional property features 18 well-maintained guest units along with a caretaker's residence, presenting a rare redevelopment opportunity on the East Colfax corridor. The area has seen successful conversions of similar hotels into high-demand monthly residencies, highlighting the property's flexibility and growth potential.
This asset offers significant value and upside for both savvy investors seeking profitable redevelopment projects and existing hotel owners looking to expand or reposition their portfolio. With strategic remodeling and effective management, the property could be transformed into a high-yield investment, capitalizing on the growing demand for extended stays in Denver.
Priced below construction costs, this opportunity provides an outstanding entry point for those looking to create substantial value through renovation and operational improvements. Don't miss the chance to acquire a prime property in a developing corridor with tremendous potential for appreciation and income growth.
Location
State CO
County Denver
Zoning E MS 3
Interior
Fireplace N
Exterior
Garage No
Building
Lot Description Corner Lot, Historical District
Sewer Public Sewer
Water Public
Others
Acceptable Financing Cash, Conventional, Owner Will Carry, Price TBD
Listing Terms Cash, Conventional, Owner Will Carry, Price TBD
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Listed by Boundary Realty LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
8300 E Maplewood Drive Ste 100, Greenwood Village, Colorado, Other