Current Use by Public Records
- Hospitality properties
Property Details for 614 Rose St
- Year built
- 1875
- Lot size
- 0.19 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This exceptional investment opportunity presents the St. James Hotel, a beautifully renovated boutique hotel nestled in historic Georgetown, Colorado. Built in 1875 and completely renovated in 2024, this charming property boasts 4,120 square feet across two buildings and three stories. The hotel features five keys, each with multiple bedrooms and en-suite bathrooms featuring large clawfoot soaking tubs. Guests enjoy a shared kitchen and dining area, adding to the unique experience. The property includes six parking spaces per key, a modern fire suppression system, and updated plumbing and electrical systems. The 0.19-acre lot is zoned SUP. A June 2024 appraisal valued the property at $1.52 million, with projections indicating potential value increases to $1.7 million within a year and $2 million over five years. The current asking price is $1,450,000, representing a strong 8% cap rate and a pro-forma cap rate of 10%, with a current NOI of $112,000 and a pro-forma NOI of $132,000. The business and real estate are included in the sale, and an SBA loan is assumable with a second mortgage permitted for the buyer. This is a rare chance to acquire a thriving, historically significant hotel with significant upside potential in a desirable Colorado location.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Georgetown
- County
- Clear Creek
- State
- Colorado
- Longitude
- -105.697
- Latitude
- 39.7068
