Technical
Financial
Distress signals
Property profile

402 Main St Antonito, CO 81120

FOR SALE
Retail space
Property ID
US13-2002761
3,750 SF 0.34 ac lot Built 1911
Entity Owned 18-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a beautifully remodeled 14-key boutique hotel, the Steam Train Hotel, located at 402 Main St, Antonito, CO 81120. Built in 1911 and renovated in 2014, this two-story, 10,000 square foot property sits on a 30,000 square foot lot and is zoned for business use. The hotel's prime location in Antonito, Colorado, capitalizes on the area's thriving tourism industry, drawing visitors from around the globe to experience the Cumbres & Toltec Railroad. Guests enjoy easy access to numerous attractions, including Great Sand Dunes National Park and various outdoor recreational activities. The hotel itself includes a gift shop and restaurant, enhancing its revenue potential. The asking price is $695,000, translating to $69.50 per square foot. Owner financing may be available for qualified buyers. Note that separate opportunities exist to purchase an attached 2-bedroom home and a detached 2-bedroom home across the street for an additional $250,000, and a marijuana grow operation for an additional $400,000. The hotel is conveniently located 7 miles from the New Mexico border on Highway 285. This is a rare chance to own a piece of Colorado history and a thriving hospitality business.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1911
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,750 SF
Lot 0.34 ac (14,900 SF)
APN 598729107120
UPID US13-2002761

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Restaurant

Location

402 Main St Antonito, CO 81120
Antonito metro Census 974800
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2007
2 recorded transactions
2007
$65,000
2006
$65,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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