Main St Montrose, CO 81401
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for Main St
- Property type
- Commercial real estate
Description
This exceptional 3,700 sq ft bed and breakfast inn in Montrose, CO, presents a lucrative investment opportunity. Projected to generate $85,800 in NOI with a 7.2% net cap rate (AIRDNA), this property boasts four (potentially five) elegantly appointed suites, each with private access. The inn features four bathrooms, cozy fireplaces, a welcoming guest check-in area, and a manager's suite complete with a kitchen and bathroom. Outdoor amenities include a pool, a cooking area, and private patios. Ample parking accommodates up to 15 vehicles. Located on Main Street, it enjoys high visibility and is within walking distance of local restaurants. The 0.57-acre property offers easy access to Montrose Regional Airport and is minutes from popular destinations like Telluride, Silverton, Ridgeway, Ouray, Grand Junction, and Durango, making it ideal for various ventures, including boutique hotels, Airbnb, lifestyle accommodations, or wedding venues. Seller financing is available. The property's prime location and strong projected returns make this a truly exceptional investment opportunity in a thriving Colorado community.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montrose
- County
- Montrose
- State
- Colorado
- Longitude
- -107.88
- Latitude
- 38.4773