620 Colorado AveColorado Springs, CO 80905

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.