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614 Rose St Georgetown, CO 80444

Sponsored
For Sale
$1,450,000

Boutique Hotel, 8% Cap Rate, High ROI Potential

Property size:
4,120 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents the St. James Hotel, a beautifully renovated boutique hotel nestled in historic Georgetown, Colorado. Built in 1875 and completely renovated in 2024, this charming property boasts 4,120 square feet across two buildings and three stories. The hotel features five keys, each with multiple bedrooms and en-suite bathrooms featuring large clawfoot soaking tubs. Guests enjoy a shared kitchen and dining area, adding to the unique experience. The property includes six parking spaces per key, a modern fire suppression system, and updated plumbing and electrical systems. The 0.19-acre lot is zoned SUP. A June 2024 appraisal valued the property at $1.52 million, with projections indicating potential value increases to $1.7 million within a year and $2 million over five years. The current asking price is $1,450,000, representing a strong 8% cap rate and a pro-forma cap rate of 10%, with a current NOI of $112,000 and a pro-forma NOI of $132,000. The business and real estate are included in the sale, and an SBA loan is assumable with a second mortgage permitted for the buyer. This is a rare chance to acquire a thriving, historically significant hotel with significant upside potential in a desirable Colorado location.

Property Features for 614 Rose St

General Information

Property type
Hotels
Square Feet
4,120 SF
Lot Size
8,276 SF

Building Details

Year Built/Renovated
1875/2024
Buildings
2
Stories
3

HighLights

  • Business and real estate included in sale; SBA loan assumable with second mortgage permitted.
  • June 2024 appraisal: $1.52M; projected value increase to $1.7M within one year and $2M within five years.
  • 8% current cap rate; 10% pro‑forma cap rate; $112,000 current NOI; $132,000 pro‑forma NOI.
Property Profile Location Intelligence

Current Use by Public Records

Hotels

Suggested Use

Building Supply Wholesale Shop Auto Parts Store Department Store Skin Care Clinic Dental Office Garden Center Auto Repair Shop Furniture Store Car Rental

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

Location Insight

  • Map
  • Local Demand
City
Georgetown
County
Clear Creek
State
Colorado
Longitude
-105.696675
Latitude
39.7067636

FAQs

What type of property is this?
Hotel - Boutique Hotel, 8% Cap Rate, High ROI Potential
Where is this hotel located?
The property is located at 614 Rose St Georgetown, CO.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Business and real estate included in sale; SBA loan assumable with second mortgage permitted.; June 2024 appraisal: $1.52M; projected value increase to $1.7M within one year and $2M within five years.; 8% current cap rate; 10% pro-forma cap rate; $112,000 current NOI; $132,000 pro-forma NOI.
More about this property
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