20 Glasgow Ave Rico, CO 81332
Nestled in the heart of Rico, Colorado, this exceptional property presents a unique investment opportunity. The Mineshaft Inn, a meticulously restored historic boutique hotel dating back to the late 19th century, offers a blend of timeless charm and modern luxury. This 4,068 square foot establishment sits on a 0.22-acre lot and boasts seven individually designed guest rooms and suites, each showcasing a unique blend of comfort and sophistication. The hotel's restoration has carefully preserved its historic integrity while incorporating modern amenities, including high-speed internet access and updated bathrooms in each room. The sale includes the popular Rico Garden Bar, a valuable addition to the overall business. This turnkey operation is ideal for an investor seeking a profitable venture in a desirable Colorado mountain town. The property's rich history and prime location in the heart of Rico offer significant potential for continued success and growth. The asking price for this exceptional property is $975,000. This is a rare chance to acquire a piece of Colorado history and a thriving hospitality business.
-
Mine Shaft Grab-N-Go Restaurant
-
Rico Mine Shaft Inn Hotel & Motel Resort
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.