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    514 Main St Limon, CO 80828

    For Sale
    $1,090,000

    Profitable Limon Motel - 29 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This well-maintained, 29-unit motel presents a compelling investment opportunity in the heart of Limon, Colorado. Located at 514 Main St, 80828, this established business boasts a substantial 41,400 square foot lot and a 9,088 square foot building. The property's strong financial performance is evidenced by its consistent cash flow and attractive return on investment. The 2022 property tax was only $9,574.00, demonstrating a low tax burden. This owner/user investment presents a rare chance to acquire a turnkey hospitality business with significant upside potential. The motel's central Limon location ensures high visibility and convenient access for guests. The property's solid construction and proven operational history contribute to its overall value and attractiveness to potential buyers. This is an exceptional opportunity for an investor seeking a stable, income-generating asset in a growing Colorado market. The property's size and established clientele base provide a solid foundation for continued success and future expansion. Detailed financial records are available upon request, allowing prospective buyers to thoroughly assess the property's profitability and potential for growth. Don't miss this chance to own a thriving motel in a desirable location.

    Property Features for 514 Main St

    General Information

    Property type
    Motels
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Limon Motel Motel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Hair Salon Dental Office Auto Repair Shop Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Limon
    County
    Lincoln
    State
    Colorado
    Longitude
    -103.6830929
    Latitude
    39.2632251

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    Nearby Similar for Sale

    • $975,000
      13,800 SF

      Limon Commercial Storage Complex

      High-return storage facility, prime I-70 location.
      2487 Market Pl, Limon, CO 80828
      View Details
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      Limon Industrial Building - Turnkey Ready

      Established Auto Body Shop, Equipment Available
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      View Details

    FAQs

    What type of property is this?
    Motel - Profitable Limon Motel - 29 Units
    Where is this motel located?
    The property is located at 514 Main St Limon, CO.
    What is the asking price?
    The asking price for this property is $1,090,000.
    Request Owner's contact information
    514 Main St Limon, CO 80828
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    Limon, CO 80828
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514 Main St Limon, CO 80828
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