625 1st St, Akron, CO 80720-1701
- Motels
- 4,824 SF
- 1.18 lot acres
Current Use by Public Records
- Motels
Property Details for 625 1st St
- Year built
- 1959
- Lot size
- 1.18 lot acres
- Property type
- Motels
- APN
- 92033001001
- APU
- 92033001001
Description
Exceptional investment opportunity: a well-maintained motel in Akron, Colorado, boasting a commanding 23% capitalization rate and situated on Highway 34. This 13-room property, constructed in 1959, features a durable brick exterior and comprises nine double rooms and four single rooms, including one ADA-compliant single. The property also includes a valuable 1-bedroom manager's/owner's residence complete with a full kitchen, living room, bathroom, and laundry facilities. Further enhancing income potential is a rentable "Mess Hall" with a kitchen, ideal for meetings or events. The motel benefits from two water taps, a guest laundry facility, a separate housekeeping/laundry area, and an on-site ice machine. The 5,916 square-foot building sits on a 1.18-acre lot and is zoned for commercial use. This turnkey operation is ready for a new owner to capitalize on its established success and strong cash flow. The property's Net Operating Income (NOI) is $144,928, with an asking price of $630,000 and a price per square foot of $106.49. Located in Washington County, Colorado, with the address 625 E 1st St, Akron, CO 80720.
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Location Insight
- Map
- Local Demand
- City
- Akron
- County
- Washington
- State
- Colorado
- Longitude
- -103.206
- Latitude
- 40.1595
