Historical Hotel & Motel Sale Listing - The Springs Inn

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The Springs Inn

620 W. Colorado Ave, Colorado Springs, CO 80905

N/A

29 Rooms | Hotel & Motel

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Office/Manager Quarters

Hotel / Motel - Off Market

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

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.

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

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