Property summary
This renovated 16-room boutique motel in Greeley, CO, presents a unique investment opportunity. The property boasts 6,412 square feet and includes an on-site manager's residence, ideal for owner-occupancy. Situated for optimal visibility and accessibility, the motel benefits from its prominent location and eye-catching neon signage. The current asking price is $1,525,000, with seller financing available to qualified buyers. A down payment of $575,000 is required, with a 5-year term at 5% interest only. This established business offers strong income potential, making it an attractive proposition for both retirees seeking a hands-on venture and their children looking for future involvement. The property's design and location make it a compelling choice for travelers, offering a comfortable and memorable stay. The inclusion of a separate manager's residence enhances the property's functionality and livability. This turnkey operation is ready for a new owner to continue its success and build upon its existing foundation. The property is situated on a lot with zero acres. The motel's design and location make it a compelling choice for travelers, offering a comfortable and memorable stay. The property is well-suited for a variety of ownership structures, offering flexibility and potential for long-term growth.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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