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Property profile & analytics
OFF-MARKET
Commercial real estate

20 Glasgow Ave Rico, CO 81332

4,068 SF 0.22 ac lot Built 1893
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1893
Total area 4,068 SF
Lot 0.22 ac (9,583 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mine Shaft Grab-N-Go Restaurant
  • Rico Mine Shaft Inn Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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