This Hotel & Motel Property is Off-Market.

620 W. Colorado Ave
Colorado Springs, CO 80905 ·

29 Rooms · Hotel & Motel For Sale

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The Springs Inn

Price N/A Average Daily Rate $59
No. Rooms 29 RevPAR $17
Building Size 10,403 SF No. Stories 2
Property Type Hotel & Motel Year Built 1930
Property Sub-type Economy/Limited Service Corridor Exterior
Property Use Type Investment Lot Size 39,275 SF
Commission Split 3% APN / Parcel ID 7413126015
Cap Rate 16% Parking Ratio 4 / 1,000 SF
Listing ID: 17577148 Date Created: 03/18/2012 Last Updated: 05/22/2013

Description

Attractive brick buildings well located between Manitou and Colorado Springs featuring 29 rooms, a manager/owner's quarters, spacious reception area and separate office. Perfectionist owner-operator's pride shines throughout the property. No deferred Maintenance, this is very turn-key. Average Monthly Gross Based on First 6 Months of 2012 is $17,129.67 Annual Scheduled Gross is $205,556.00

Close to Garden of the Gods, I-25, Cave of the winds, Manitou, major military bases including Fort Carson and the Air Force Academy and just minutes from down town Colorado Springs.

Research

620 W. Colorado Ave, Colorado Springs, CO 80905 (El Paso County)

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