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3920 N Nevada Ave Colorado Springs, CO 80907

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For Sale
$3,250,000

32-unit motel with high occupancy and income potential.

Lot size:
0.83 Acres

Property Features for 3920 N Nevada Ave

General Information

Standard status
Active
Lot size
0.83 Acres

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Listing Contact
Stephen Teegardin
Source: Exprealty

Listing Agency: Forbes Park Realty Listing Agent: Stephen Teegardin

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

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Overview

Established Motel in High-Traffic Area

This established 32-unit motel is situated in a high-traffic commercial corridor of Northern Nevada, near the University of Colorado and downtown Colorado Springs. Its location provides convenient access to the University Center and various visitor attractions, including Garden of the Gods, the Air Force Academy, and Colorado College. The property, consisting of the motel and an office building, totals over 13,000 square feet. The motel is well-maintained and reports a high occupancy rate, with rooms renting for over $100 per night. The location benefits from both high vehicle and pedestrian traffic, potentially supporting various business operations.
Location Intelligence

Current Use by Public Records

Best Inn Motel Motel

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Hoste Cottage #1, Family Friendly Fright, Greg’s class, The Carriage House Vacation Rental, Casa Verde

Location Insight

  • Map
  • Local Demand
City
Colorado Springs
County
El Paso
State
Colorado
Longitude
-104.8198427
Latitude
38.8899781

FAQs

What type of property is this?
Motel - 32-unit motel with high occupancy and income potential.
Where is this motel located?
The property is located at 3920 N Nevada Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: - High income potential due to established business and high occupancy rate.; - **Prime location in a high-traffic commercial corridor of N Nevada.**; - Proximity to University of Colorado and Downtown Colorado Springs.
More about this property
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