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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

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.
More about this property
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