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221 Byers Ave Hot Sulphur Springs, CO 80451

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For Sale
$1,595,000

Charming 14-unit motel near Winter Park and Hot Sulphur Springs.

Source: Edward Rupp Agent Edward Rupp

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Historic Canyon Motel For Sale

The Canyon Motel is a historic 14-unit motel located in Hot Sulphur Springs, Colorado, near Winter Park. Situated in the Rocky Mountains along a Colorado Scenic Byway on US Highway 40, the property is near the Hot Sulphur Springs Resort and Spa, Winter Park, Granby Ranch Ski Area, and the Colorado Adventure Park. Hot Sulphur Springs is located in Grand County between Granby and Kremmling, approximately 100 miles from both Boulder and Denver, Colorado, and 30 miles northwest of Winter Park. The town attracts visitors with its mineral-rich natural hot springs and relaxed atmosphere. The Hot Sulphur Springs Resort offers day passes to its 24 hot springs, which are within walking distance of the motel. Winter Park, a top-40 US ski resort, is 30 miles away, as is the western entrance to Rocky Mountain National Park. The motel features exterior-corridor rooms and includes on-site owner's quarters that can be rented separately as an apartment. There is value-add potential, including revenue opportunities from the addition of a restaurant. The property is offered at a 14.0% cap rate based on historical financials.
Location Intelligence

Current Use by Public Records

Motels

Similar Places Nearby

Hot Sulphur Springs Resort & Spa, Canyon Motel, Ute Trail Motel, the springs, Trip - Hot sulphur springs resort & Spa

Map

City
Hot Sulphur Springs
County
Grand
State
Colorado
Longitude
-106.105
Latitude
40.0707

FAQs

What type of property is this?
Motel - Charming 14-unit motel near Winter Park and Hot Sulphur Springs.
Where is this motel located?
The property is located at 221 Byers Ave Hot Sulphur Springs, CO.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: - High 14.0% cap rate based on historical financials, offering a strong return on investment.; - Prime location in Hot Sulphur Springs, a popular tourist destination.; - Close proximity to Winter Park, Hot Sulphur Springs Resort & Spa, and Rocky Mountain National Park.
More about this property
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