4332 County Road 54G Laporte, CO 80535
- Motels
- 7,082 SF
- 2.90 lot acres
Current Use by Public Records
- Motels
Property Details for 4332 County Road 54G
- Year built
- 1966
- Lot size
- 2.90 lot acres
- Property size
- 7,082 SF
- Property type
- Motels
Description
This exceptional investment opportunity presents the Elkhorn Motel, a 14-key property situated on a spacious 2.9-acre lot in Laporte, Colorado. Built in 1966 and renovated in 1996, this two-story, 7,082 square foot motel boasts a 100% occupancy rate, generating a strong NOI of $130,800 and a 4.85% cap rate. The asking price is $2,695,000, translating to $380.54 per square foot. The property includes a substantial 7-bedroom house with an open living room and a balcony offering stunning mountain views. Rental units comprise one one-bedroom unit, seven studio units with kitchenettes, and six studio units equipped with microwaves and mini-fridges. The motel's long-standing reputation and the open zoning permit a variety of future development possibilities. This unique property offers a compelling blend of established income and significant upside potential in a desirable mountain town location. The property is located at 4332 W County Rd 54G, Laporte, CO 80535.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Laporte
- County
- Larimer
- State
- Colorado
- Longitude
- -105.15821214962
- Latitude
- 40.635353398368
