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Browse More Listings in Hotel & Motel For Sale, Lamar, CO or Colorado

Hotel / Motel For Sale

Super 8

1202 North Main Street, Lamar, CO 81052

Price:
$2,400,000
No. Rooms:
45
Building Size:
30,000 SF
Price/Room:
$53,333.33
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Cap Rate:
7.11%
Find Out More...

Last Verified 11/23/2009 Listing ID 15642620

Description

Excellent investment property. Lower than usual Cap Rate due to absentee ownership causing over inflated expenses which could be curtailed to give a better than average Cap Rate. Excellent gross revenue. Send us a confidentiality agreement and we will send you a marketing package for your perusal. Worth the time to look at!

Approximately two extra acres ready to be developed.

Located in the City of Lamar in Prowlers County, CO. Lamar is known for it's farming, ranching, and windmill farms. Beautiful country.

Financial Summary

Actual
Net Operating Income
$170,640

Map of 1202 North Main Street, Lamar, CO 81052 (Prowers County)

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Created 4/1/2008

Additional Information for 1202 N Main Street, Lamar, CO 81052

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 1202 North Main Street, Lamar, CO 81052

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Lamar Inn
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - Super 8

1202 North Main Street, Lamar, CO, 81052