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$ 3,000,000
Est. payment /mo
Active
3518 W Colorado AVE Colorado Springs, CO 80904
17,098 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 17,098 sqft
Price per Sqft $175
MLS Listing ID 7594641
HOA Y/N No
Year Built 1930
Annual Tax Amount $4,568
Property Sub-Type Hotel/Motel
Property Description
Exceptional Lodging Property in Prime Pikes Peak Location! This is a rare opportunity to acquire a well-established lodging business, family-owned and operated for over 45 years, with a stellar reputation in the Pikes Peak region. Situated between Old Colorado City and Manitou Springs, the location is ideal for tourists visiting popular attractions like Garden of the Gods and historic Manitou Springs.The property includes generous on-site living accommodations, with a full kitchen, two bedrooms, three bathrooms, a large living room, dining area, and an office. It's perfect for an owner/operator looking to combine home and work life, with no commute and stunning views of Pikes Peak right outside your door. Currently operated as a seasonal business, the property offers great flexibility. You can maintain the current summer season operation or expand to year-round accommodations. With all 22 rooms on the ground floor, the property is also ideal for transitioning into extended-stay lodging, senior living,
Employee Housing, or even assisted living. The possibilities are vast, allowing you to shape the future of this property to meet your vision. Occupying its own city block, the property is close to grocery stores, pharmacies, and dining options, making it convenient for both guests and owners. The swimming pool and hot tub provide a relaxing space for leisure, while the iconic retro sign adds a unique charm and local history to the property's appeal.This business is fully operational and ready for a new owner to continue its success. Whether you choose to operate seasonally or year-round, or pursue new opportunities like extended stays or senior living, this turnkey property offers unlimited potential for growth in a prime tourist destination.
Employee Housing, or even assisted living. The possibilities are vast, allowing you to shape the future of this property to meet your vision. Occupying its own city block, the property is close to grocery stores, pharmacies, and dining options, making it convenient for both guests and owners. The swimming pool and hot tub provide a relaxing space for leisure, while the iconic retro sign adds a unique charm and local history to the property's appeal.This business is fully operational and ready for a new owner to continue its success. Whether you choose to operate seasonally or year-round, or pursue new opportunities like extended stays or senior living, this turnkey property offers unlimited potential for growth in a prime tourist destination.
Location
State CO
County El Paso
Area Arensdale
Others
Special Listing Condition See Show/Agent Remarks
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Listed by Demos Real Estate and Investments