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1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
1702 E Main Street
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$3,975,000

1702 E Main Street

Description

Rare Investment Opportunity: Lodging & RV Park - Montrose, CO Diversified Hospitality Asset in a Booming Colorado Destination This is your chance to acquire a turnkey, multi-faceted hospitality portfolio in the heart of one of Colorado's most scenic and rapidly expanding markets--Montrose. This rare investment opportunity combines: * A 58-key lodging property * A fully equipped 23-spot RV park (Will be delivered Entitled - ready to build) Lodging Property Highlights: * Size: 32,866 SF | Acreage: 3.25 Acres * 58 exterior corridor rooms * Strong performance: $1.1M Yearly Revenue With 40% NOI and 74% yearly occupancy * Attractive basis: Priced at only $60,000 per key + $475,000 RV Park Land * Recent capital improvements of $300,000+, including: o New PTAC units (17 Rooms) o Foundation and structural upgrades o Framing, plumbing, and new paint o New exterior paint * Modernized guest amenities: o Renovated lobby with indoor/outdoor seating o Business center & fitness room o Restrooms with showers o Flexible branding: keep or remove Wyndham flag RV Park Features: (ONCE BUILT) * 23 dedicated RV spots with individual hookups * Shared access to top-tier guest amenities: - (Club House - Already Built) * Lounge area * Laundry room * Fitness center * Restrooms & showers * Indoor/outdoor dining area * Stabilized projected NOI: $125,000 - $150,000 annually * Strategically positioned to attract seasonal travelers, RV nomads, and adventure tourists ________________________________________ Location Advantages: * Minutes from Montrose Regional Airport - Direct Flights From Denver, DFW * Easy drive to Telluride, Silverton, Ridgway, Ouray, and the Black Canyon of the Gunnison * A growing base of year-round tourism, hunting, national park visitors, and outdoor adventure travelers ________________________________________ Investment Summary: Component Key Metrics Lodging Property 58 rooms Offered at $3,975,000 RV Park 22 spots, projected income $125,000 $150,000k Total Acreage: 3.82 Acres (combined) Branding Option Franchise (Wyndham) or Go Independent with low Liquidated Damage ________________________________________ Why Invest Now? * Peak tourism season approaching * Value-add NOI upside projected $125,000-$150,000k yearly * High-demand hospitality submarket with growing regional traffic * Diversified revenue streams from rooms and RV launch Schedule a private tour today and secure this unique Colorado hospitality asset before summer demand surges.

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Location

1702 E Main Street, Montrose, CO 81401

Status

For Sale
Katie Davis

Katie Davis

TITLE

Team Lead

Property Amenities

Area & Lot
MLS® ID 20253028
Type Commercial
Status For Sale
Exterior
Lot Features Irregular Lot
Finance
Sales Price $3,975,000
Real Estate Tax $26,505 yearly
1702 E Main Street
1702 E Main Street
1702 E Main Street
"This is your chance to acquire a turnkey, multi-faceted hospitality portfolio in the heart of one of Colorado's most scenic."

— Katie Davis

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