County Clear Crk Saint Mary's, CO 80452

Property Details for County Clear Crk

Year built

1930

Lot size

5.16 lot acres

Property size

7,749 SF

Property type

Hospitality properties

Property subtype

Motels

Description

This exceptional investment opportunity presents a stunning, 14-key boutique mountain resort nestled along a creek in Idaho Springs, Colorado. The property encompasses 5.16 acres and includes 9 fully furnished cabins and 5 condos, totaling 7,749 square feet across 12 buildings on two stories. Built between 1930 and 1940, the property has undergone extensive renovations from 2018-2024. Boasting an average 4.9-star rating across Airbnb and Google, the resort enjoys strong occupancy rates (90-95% in peak seasons, 70% in off-seasons), generating a current NOI of $425,083 and a pro-forma NOI of $520,083. The asking price is $8,000,000, representing a 5.31% cap rate and a pro-forma cap rate of 6.50%. The property is zoned C3, offering diverse development potential. Its prime location near I-70 and popular attractions like Blackstone Rivers Ranch ensures consistent demand. The resort's unique blend of rustic charm and modern amenities, coupled with its proximity to Denver (40 minutes), creates a highly desirable destination for tourists and city dwellers seeking a mountain retreat. The property is currently booked primarily through Airbnb, presenting significant potential for revenue growth through expanded marketing and booking platforms. This is a rare opportunity to acquire a thriving hospitality business with substantial upside in a high-demand Colorado mountain location.