Enter your email to login or create a free account
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1702 E Main St
Montrose, CO 81401
Red Arrow Inn & Suites, a Travelodge · Hospitality Property For Sale
·
36,566 SF

Investment Highlights
- • A 58-key lodging property
- • An optional Boutique Bed & Breakfast add-on, fully subdivided and ready July 2025
- • A fully equipped 20-spot RV park (Will be delivered Entitled – ready to build)
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1956/2013 |
| Building Class | C | Parking Ratio | 2.56/1,000 SF |
| Lot Size | 3.24 AC | Corridor | Exterior |
| Building Size | 36,566 SF | ||
| Zoning | B2 - Highway Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.24 AC |
| Building Size | 36,566 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1956/2013 |
| Parking Ratio | 2.56/1,000 SF |
| Corridor | Exterior |
| Zoning | B2 - Highway Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
About 1702 E MAIN ST , MONTROSE, CO 81401
Rare Investment Opportunity: Lodging & RV Park – Montrose, CO Diversified Hospitality Asset in a Booming Colorado Destination This is your chance to acquire a turnkey, multi-faceted hospitality portfolio in the heart of one of Colorado’s most scenic and rapidly expanding markets—Montrose. This rare investment opportunity combines: • A 58-key lodging property • A fully equipped 23-spot RV park (Will be delivered Entitled – ready to build) Lodging Property Highlights: • Size: 32,866 SF | Acreage: 3.25 Acres • 58 exterior corridor rooms • Strong performance: $1.1M Yearly Revenue With 40% NOI and 74% yearly occupancy • Attractive basis: Priced at only $60,000 per key + $475,000 RV Park Land • Recent capital improvements of $300,000+, including: o New PTAC units (17 Rooms) o Foundation and structural upgrades o Framing, plumbing, and new paint o New exterior paint o Modernized guest amenities: o Renovated lobby with indoor/outdoor seating o Business center & fitness room o Restrooms with showers o Flexible branding: keep or remove Wyndham flag RV Park Features (ONCE BUILT): • 23 dedicated RV spots with individual hookups • Shared access to top-tier guest amenities: - (Club House - Already Built) • Lounge area • Laundry room • Fitness center • Restrooms & showers • Indoor/outdoor dining area • Stabilized projected NOI: $125,000 – $150,000 annually • Strategically positioned to attract seasonal travelers, RV nomads, and adventure tourists • RV park permitted use will be complete 04/30/26. City is in the process of upgrading sewer line. RV park cannot tie into the sewer line until November 2027. ________________________________________ Location Advantages: • Minutes from Montrose Regional Airport – Direct Flights From Denver, DFW • Easy drive to Telluride, Silverton, Ridgway, Ouray, and the Black Canyon of the Gunnison • A growing base of year-round tourism, hunting, national park visitors, and outdoor adventure travelers ________________________________________ Investment Summary: Component Key Metrics Lodging Property 58 rooms Offered at $3,975,000 RV Park 22 spots, projected income $125,000 $150,000k Total Acreage: 3.82 Acres (combined) Branding Option Franchise (Wyndham) or Go Independent with low Liquidated Damage ________________________________________ Why Invest Now? • Peak tourism season approaching • Value-add NOI upside projected $125,000-$150,000k yearly • High-demand hospitality submarket with growing regional traffic • Diversified revenue streams from rooms and RV launch Schedule a private tour today and secure this unique Colorado hospitality asset before summer demand surges.
Links
Property Taxes
| Parcel Number | R0650508 | Improvements Assessment | $746,620 |
| Land Assessment | $746,620 | Total Assessment | $1,493,240 |
Property Taxes
Listing ID: 36716122
Date on Market: 7/13/2025
Last Updated:
Address: 1702 E Main St, Montrose, CO 81401
