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Hiway Motel 1027 E Eisenhower Blvd 18 Room Hotel Loveland, CO 80537 $2,200,000 ($122,222/Room)
Investment Highlights
- Prime Location in heart of Loveland CO
- Excellent site for various for a motel and new development opportunities.
- Situated on the busiest main road/hwy 34/Eisenhower Blvd.
- Major system recently improved!
Executive Summary
A 40,000-square-foot lot sits on the busiest highway, Eisenhower Blvd, in the heart of Loveland. The prime location and business zoning offer many possibilities.
The motel has 18 spacious guest rooms, including one 2-bedroom kitchenette and one 2-bedroom suite. It also has a manager's apartment with two beds and one bath, and ample parking. It has been operated by an absentee owner. The motel underwent major improvements, including an electrical power upgrade with new wiring, outlets, and lighting; new wired smoke alarms; a new fan in each bathroom; new water heaters; hard-surface flooring; some updated bathrooms; and more. This code-compliant motel will reopen soon. The old furnace in each room has been replaced with a PTAC unit.
There is space for further expansion to add more rooms.
This property is also an excellent site for a redevelopment project. The property next to this, which is of identical size, is currently under development.
Do not miss this opportunity!
The motel has 18 spacious guest rooms, including one 2-bedroom kitchenette and one 2-bedroom suite. It also has a manager's apartment with two beds and one bath, and ample parking. It has been operated by an absentee owner. The motel underwent major improvements, including an electrical power upgrade with new wiring, outlets, and lighting; new wired smoke alarms; a new fan in each bathroom; new water heaters; hard-surface flooring; some updated bathrooms; and more. This code-compliant motel will reopen soon. The old furnace in each room has been replaced with a PTAC unit.
There is space for further expansion to add more rooms.
This property is also an excellent site for a redevelopment project. The property next to this, which is of identical size, is currently under development.
Do not miss this opportunity!
Property Facts
Amenities
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 18 | $80.00 | - |
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 95124-14-003 | Improvements Assessment | $47,011 |
| Land Assessment | $73,713 | Total Assessment | $120,724 |
Property Taxes
Parcel Number
95124-14-003
Land Assessment
$73,713
Improvements Assessment
$47,011
Total Assessment
$120,724
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Hiway Motel | 1027 E Eisenhower Blvd
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