1925 Fremont Dr Canon City, CO 81212-2415

This exceptional value-add investment opportunity presents a 68-key Motel 6 located at 1925 Fremont Dr, Canon City, CO 81212. The property boasts a strong net operating income (NOI) of $229,329, yielding an attractive 8.25% capitalization rate. The asking price is $2,780,000, translating to $95.04 per square foot for the 29,251 square foot building. Built in 1957 and extensively renovated in 2022, this four-building, two-story motel features 68 guest rooms, including a mix of family suites, double queen rooms, and single king rooms. Recent upgrades encompass new power systems, air conditioning units, and plumbing, significantly enhancing guest comfort and operational efficiency. Situated on a 1.88-acre lot, this motel benefits from its prime location in Canon City, Colorado, a city renowned for its natural beauty and proximity to popular attractions such as the Royal Gorge Bridge and Park, ensuring a consistent flow of tourists and travelers. The property is offered fee simple and presents a compelling opportunity for investors seeking a profitable hospitality asset with significant upside potential. The property's APN is 98604461.