Apartment Development Project and Land 158 E Main St 12 Room Hotel Limon, CO 80828 $895,000 ($74,583/Room)

This property offers a rare 5.15-acre commercial redevelopment site in Limon, Colorado, with water and sewer connections already included. The sale includes the land, the remaining motel structure, and apartment concept plans showing a potential redevelopment layout.
The site previously operated as a three-building exterior corridor motel. Two motel wings were removed after a fire event, leaving a clean, level redevelopment area suitable for new construction or repositioning. The remaining structure includes a 12-unit motel wing, the original lobby and office area, and a large owner or manager living quarter.
The standing building offers optional reuse value. The 12 attached motel rooms are intact but require full renovation. The oversized living quarter could be used as an onsite manager residence, multi-room living space, office, or potentially converted into additional guest units. A buyer may also choose to remove the remaining structure depending on their redevelopment plans.
This property is ideal for a buyer seeking land with existing infrastructure and strong redevelopment potential. The 5.15-acre site can support a variety of concepts, including apartments, a new motel, extended-stay lodging, workforce housing, RV use, truck and traveler services, or mixed commercial use, subject to zoning and city approval.
The property benefits from high visibility from US Highway 24 and quick access to I-70, making it a strong location for hospitality, housing, or service-focused commercial operations. The site is cleared, fenced, and easy to inspect, with utilities, parking areas, and site circulation already in place.