2930 Main Ave Durango, CO 81301

Located in Durango, Colorado, this property presents an investment opportunity in a thriving tourist hub, college town, and growing economic center. Situated on US Highway 550, the property benefits from its location on the high-traffic North Main corridor, minutes from historic downtown, Fort Lewis College, the Durango & Silverton Narrow Gauge Railroad, and Purgatory Ski/Bike Resort. The facility features recent capital improvements and updated guest accommodations, making it suitable for continued hospitality use or conversion into apartment living. The growing demand for residential housing in Durango, coupled with the property's two separately deeded parcels and location, makes it a promising option for redevelopment into much needed affordable housing. The property is a franchise-branded hotel with 48 guest rooms featuring recent updates and modern conveniences. The guest rooms are composed of 28 two-queen rooms, 7 single-queen rooms, and 13 single-king rooms, including one ADA-compliant room. Additionally, there is a one-bedroom apartment for additional income or on-site manager quarters. Recent updates include new roofs on all three buildings, a new deck canopy on the porte-cochere, exterior paint, new walkway landings on all three buildings, a camera system, a community washer and dryer, a new commercial kitchen, and remodeled and updated spaces including the lobby, office, breakfast area, guest rooms, and apartment. The property, situated on a 0.73-acre lot, offers amenities including a complimentary breakfast area, guest laundry, WiFi access throughout the property, and on-site parking. The property is located along the North Main corridor with easy access to restaurants and the Durango river trail. The property has 17,951 square feet of space.