1021 Grand Ave, Glenwood Springs, CO 81601

Building Details

Year Built

1910

Listing agent Mike Mercatoris License #FA100074443

Listing office COMPASS s***@compass.com Show Phone

Listing date Jul 2, 2021

Source Crexi

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

All listing content including descriptions, pricing, images are the copyrighted material of COMPASS

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Overview

This property, known as the Glenwood Springs Hostel, presents an investor opportunity. It has a history of operation as a lodging facility with both long and short-term renters. The property is currently booked for the summer season. Featuring dual zoning, this Grand Avenue location offers possibilities for various uses. The front building dates back to 1910, while the rear building was constructed in 1994. The back building includes a full apartment upstairs suitable for long-term rentals, with the downstairs area currently utilized for short-term lodging. The front building is used for nightly short-term lodging. The property size is 4673 square feet.

Suggested Use

Real Estate Agency Restaurant Law Firm Hair Salon Spa & Massage Center Dental Office Nail Salon Daycare Center Building Supply Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Glenwood Springs

County

Garfield

State

Colorado

Longitude

-107.3251887

Latitude

39.5433162

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FAQs

What type of property is this?

Hospitality property - Long-time operating lodging facility with rental history and dual zoning.

Where is this hospitality property located?

The property is located at 1021 Grand Ave Glenwood Springs, CO.

What is the asking price?

The asking price for this property is $1,690,000.

What are key features of this property?

This property features: Established hostel with strong rental history (both long and short term).; Booked for the summer, providing immediate income.; Dual zoning offers flexible usage options.