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Midtown Inn & Suites 215 E 3rd St 25 Room Hotel La Junta, CO 81050 $800,000 ($32,000/Room) 23.75% Cap Rate

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Executive Summary

Very well maintained local motel with good returning, 23 % CAP rate, Net Operating Income approximately $190,000 based on Year 2025. Owner absenteed operating business.
Must visit to see this property. 25 Keys in addition huge Manager's Living Quarters. The subject property has been totally renovated in 2023 and 2024 with substantial amount of money

Property Facts

Price	$800,000	Building Size	10,102 SF
Price Per Room	$32,000	No. Rooms	25
Sale Type	Investment	No. Stories	2
Cap Rate	23.75%	Year Built/Renovated	1958/2023
Property Type	Hospitality	Parking Ratio	2.47/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.48 AC
Zoning	C

Price	$800,000
Price Per Room	$32,000
Sale Type	Investment
Cap Rate	23.75%
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.48 AC
Building Size	10,102 SF
No. Rooms	25
No. Stories	2
Year Built/Renovated	1958/2023
Parking Ratio	2.47/1,000 SF
Corridor	Exterior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C