Current Use by Public Records
- Hospitality properties
Property Details for 123 Main St
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a thriving 21,790 square foot hotel in Nucla, Colorado, listed at $1,799,000 ($82.56/sq ft). The property includes 42 air-conditioned guest rooms, catering to a consistent flow of tourists, travelers, and local clientele throughout the year. A significant advantage is the inclusion of a fully operational restaurant and bar, generating substantial additional revenue streams. The hotel also features five meeting rooms, ideal for corporate events or community gatherings. A large community room, previously a pool, offers versatile rental potential, further enhancing income generation. The property also boasts extended-stay rooms, providing diverse accommodation options. A detached manager's home is included, offering convenient on-site management. All existing inventory is included in the sale. While the restaurant requires a new vent hood, this is anticipated to be addressed shortly. This turnkey operation presents a rare opportunity to acquire a well-established hospitality business with significant growth potential in a desirable location. The property is located at 123 E Main St, Nucla, CO 81424. This is a for sale by owner listing.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nucla
- County
- Montrose
- State
- Colorado
- Longitude
- -108.567
- Latitude
- 38.2163
