614 Rose St Georgetown, CO 80444
- Commercial real estate
- 4,120 SF
- 0.10 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 614 Rose St
- Year built
- 1875
- Lot size
- 0.10 lot acres
- Property size
- 4,120 SF
- Property type
- Commercial real estate
Description
This stunning, completely remodeled 4,120 sq ft St. James Hotel in Georgetown, CO, opened July 2024, boasts 5-star reviews and strong occupancy rates (80% in the first month). The property sits on a 0.1-acre lot and features brand new bathrooms, fixtures, lighting, plumbing, electric, kitchen, and appliances. A new fire sprinkler and fire alarm system ensures safety. The hotel operates efficiently with remote check-in, a light breakfast, and a shared kitchen, minimizing daily operational needs. Currently offering an ADR of $145 (projected to reach $175 in 2025), the hotel's financials support the $1,395,000 asking price at a 10-cap rate. An independent appraisal valued the property at $1.52M on June 1st, 2024. A 150+ sq ft additional building offers expansion potential. A new sewer line has been installed, and applications are pending for a liquor license and a hot tub, further enhancing revenue. An SBA loan is assumable, and seller financing is available. Visit stjamescolorado.com for suite details.
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Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Clear Creek
- State
- Colorado
- Longitude
- -105.697
- Latitude
- 39.7067