Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    620 Colorado Ave Colorado Springs, CO 80905

    For Sale
    $1,800,000

    Historic Charm, Newly Renovated, 29 Keys

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    The Springs Inn, a meticulously maintained 29-key motel, presents a unique investment opportunity in the heart of Colorado Springs. This historic property, originally built in 1930 and completely renovated in 2023-2024, boasts a prime location within walking distance of downtown. The two-story, solid brick building offers 20,806 square feet of space on a generous 30,275 square foot lot. The property includes a manager's living quarters, providing convenient on-site management. This owner/user investment is offered at $1,800,000 and qualifies for a 1031 exchange. The Springs Inn represents a blend of classic charm and modern updates, making it an ideal acquisition for those seeking a profitable hospitality venture in a thriving Colorado Springs location. The property's strong location and recent renovations position it for immediate success. This is a rare opportunity to acquire a well-established motel with significant upside potential in a desirable market. The 29 keys provide ample capacity, and the manager's quarters offer added convenience. The solid brick construction ensures durability and longevity. Don't miss this chance to own a piece of Colorado Springs history.

    Property Features for 620 Colorado Ave

    General Information

    Property type
    Motels

    Building Details

    Year Built/Renovated
    1930/2023
    Stories
    2

    HighLights

    • $1,800,000 asking price.
    • 29‑key motel in Colorado Springs, CO.
    • Hospitality investment opportunity, owner/user.
    • Completely renovated in 2023‑2024.
    • Two‑story, solid brick building (20,806 sq ft) on a 30,275 sq ft lot.
    • Prime downtown Colorado Springs location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Springs Inn Inn

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.8369571
    Latitude
    38.8329737

    Nearby Similar for Sale

    • $2,295,000
      5.27 Acres

      Custom Cottage on Treed Acres

      European-style cottage on 5 acres with mountain views.
      14090 Holmes Rd, Colorado Springs, CO 80908
      View Details
    • $1,499,800
      0.16 Acres

      Modern Duplexes in Colorado Springs

      Move-in ready duplexes with finished basements and mountain views.
      145 Terrace Dr, Colorado Springs, CO 80906
      View Details
    • $999,900
      0.16 Acres

      Modern Duplex Near UCCS

      Side-by-side units with 4 beds, 4 baths, 2-car garage.
      4266 Orchid St, Colorado Springs, CO 80917
      View Details
    • $2,627,000
      0.19 Acres

      Downtown Haven Multifamily Opportunity

      Spacious rooms, private bathrooms, and entertainment near downtown attractions.
      6 Boulder Crescent St, Colorado Springs, CO 80903
      View Details
    • $540,000
      0.14 Acres

      Cozy Home with Modern ADU

      Charming home with a fully furnished, modern ADU.
      711 N Spruce St, Colorado Springs, CO 80905
      View Details
    • New
      $775,000
      Pending

      Charming Remodeled Duplex Near Downtown

      Remodeled duplex in historic Old North End neighborhood.
      1401 N Tejon St, Colorado Springs, CO 80907
      View Details

    FAQs

    What type of property is this?
    Motel - Historic Charm, Newly Renovated, 29 Keys
    Where is this motel located?
    The property is located at 620 Colorado Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price.; 29-key motel in Colorado Springs, CO.; Hospitality investment opportunity, owner/user.
    Request Owner's contact information
    620 Colorado Ave Colorado Springs, CO 80905
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    620 Colorado Ave
    Colorado Springs, CO 80905
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    620 Colorado Ave Colorado Springs, CO 80905
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.