60 Hickory Ave Akron, CO 80720-1806

This exceptional investment opportunity in Akron, Colorado, presents a unique blend of hospitality and commercial space. The property, situated on 2.21 acres, encompasses a 12,000 square foot building complex, including a successful 17-unit motel (13 singles and 4 doubles). Each motel room features a private bathroom, essential amenities (nightstand, desk/table, lamps, microwave, mini-refrigerator, and TV), and is complemented by a recently remodeled lobby/lounge area with tile and wood flooring, a fireplace insert, coffee bar, and two ADA-compliant bathrooms. A separate, private 2-bedroom residence with a living room and kitchen is connected to the office/lobby, offering live-work potential. The property also boasts a substantial event center, featuring a large conference room with a full-size kitchen and a separate recreation/playroom, along with additional bathrooms. A professional office with a private entrance and bathroom is also available for rent. Further enhancing the property's versatility is a 1600 square foot heated and cooled shop with four garage doors, ample truck parking with electrical hookups, a commercial-grade washer/dryer, guest laundry facilities, and an ice machine. Built in 1980, this property is zoned Commercial/Industrial and offers a strong net operating income (NOI) of $165,978, resulting in an attractive 19.41% cap rate. The asking price is $855,000. This property presents a rare opportunity to acquire a thriving, multi-faceted business with significant income potential.