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Historic 25-Room Hotel Property
For Sale
$2,400,000

500 Main Street, Fairplay, CO 80440

Commercial, FAIRPLAY, CO

Property SizeContact for details
Lot Size0.67 Acres
Days on Market185

Property Features for 500 Main Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision FAIRPLAY
Standard status Active
APN 300
Lot size 0.67 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 17488

Utilities

Heating system Wood Stove, Oil, Natural Gas, Baseboard, Central, Wood

Building Details

Year built 1925
Roof type Asphalt
Listing Agency: Paffrath & Thomas R.E.S.C
Listed By: Luke Paffrath · License #FA40033132
Added: May 5 Changed: Oct 23 Last Checked: Nov 5 at 7:06PM
MLS# S1068450

Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 25-room hotel property dates to 1925 and is listed on the National Registry of Historic Places. Recent improvements include updated bathrooms and bedrooms, replacement windows throughout the building, a new boiler, new plumbing, and refreshed interior and exterior paint. Heating systems include oil, wood stove, natural gas, central, and baseboard components, with an asphalt roof.

The property also contains a functioning restaurant and patio, with the restaurant space currently leased to Salon Mexico. It is positioned along the Hwy 285 corridor, approximately 30 minutes from the Breckenridge Ski Area. A Summit Stage bus stop is located one block away and provides direct access to Breckenridge. The property is currently being used for workforce housing.

Key Highlights

  • 25‑room hotel built in 1925
  • Listed on the National Registry of Historic Places
  • Renovated bathrooms and bedrooms, new windows, plumbing, boiler, and interior and exterior paint

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Hotels

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Bakery Furniture & Home Goods (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

386
Businesses Nearby

Demographics for 80440, CO

2,564
Population
2,509
Households
1
Avg Household Size
43
Median Age
37%
College-Educated
98%
High-School Grad
324.6 sq mi
ZIP Area
8
Density / Sq Mi
$99,583
Median Household Income
$53,832
Median Earnings
$1,884
Median Rent
$448,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Hotel - Historic lodging property with renovated guest areas and an operating restaurant with patio.
Where is this hotel located?
The property is located at 500 Main Street Fairplay, CO.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 25‑room hotel built in 1925; Listed on the National Registry of Historic Places; Renovated bathrooms and bedrooms, new windows, plumbing, boiler, and interior and exterior paint
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