1901 Rose Ave, Burlington, CO 80807
- Motels
- 7,329 SF
- 1.96 lot acres
Current Use by Public Records
- Sloan's Motel / Apartment Building / Inn
Property Details for 1901 Rose Ave
- Year built
- 1950
- Lot size
- 1.96 lot acres
- Property type
- Motels
- Property subtype
- Hotels
Description
This exceptional 30-unit hotel/motel in Burlington, Colorado, presents a compelling investment opportunity. Located directly off I-70 near the Colorado/Kansas border, this property benefits from high traffic volume and a diverse tenant base, including short-term travelers (truckers, hunters, contractors, oil & gas workers) and long-term residents. The 7,329 square foot property, comprised of four buildings on a 1.96-acre lot, boasts a strong 14.17% cap rate and a Net Operating Income (NOI) of $113,199, with an asking price of $799,000 ($109.02/sq ft). Built in 1950 and extensively renovated in 1990 and 2023 (over $300,000 in capital improvements), the property features a variety of room types: standard, king bed, kitchenette, and apartment units, offering flexibility for both short-term and long-term rentals. The property is zoned C-1 and includes high-speed fiber internet and Dish Network. The current on-site manager is willing to continue operations, ensuring a smooth transition for the new owner. This turnkey investment is ideal for experienced hospitality professionals or investors seeking a profitable, well-maintained property in a prime location. Detailed financial projections and individual room improvement specifics are available upon request. This is a rare opportunity to acquire a thriving business with significant upside potential.
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Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Kit Carson
- State
- Colorado
- Longitude
- -102.2747549
- Latitude
- 39.3005367
