221 Byers Ave
Hot Sulphur Springs, CO 80451
Canyon Motel · Hospitality Property For Sale
·
6,072 SF
Investment Highlights
- Offered at a 10.9% cap rate based on historical financials with significant room for growth; 14.4% cap rate on proforma financials
- Located in close proximity to Hot Sulphur Springs Resort and only 30 miles to Winter Park
- There is an in-house deli, the Canyon Deli & Pizza, which offers delicious toasted subs, wraps, and pizza (opened August 2021)
- Seller financing is available
- 14 room exterior-corridor motel in the popular tourist destination of Hot Sulphur Springs, Colorado
- Co-listed with Eric Neeb of Coldwell Banker Realty-Boulder
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1950/2005 |
| Building Class | C | Parking Ratio | 1.65/1,000 SF |
| Lot Size | 0.42 AC | Corridor | Exterior |
| Building Size | 6,072 SF | ||
| Zoning | 26 - Tourists | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 6,072 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2005 |
| Parking Ratio | 1.65/1,000 SF |
| Corridor | Exterior |
| Zoning | 26 - Tourists |
Amenities
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
About 221 BYERS AVE , HOT SULPHUR SPRINGS, CO 80451
SVN | Northco is pleased to present the sale of the Canyon Motel, which is a charming and historic 14-unit motel that is located in Hot Sulphur Springs, Colorado, in close proximity to Winter Park, a world-class ski resort and recreation destination ("Property"). This Property is nestled in the Rocky Mountains along a Colorado Scenic Byway on US Highway 40. Hot Sulphur Springs, Colorado is located in Grand County between Granby and Kremmling. The town is approximately 100 miles from both Boulder and Denver, Colorado, and is 30 miles northwest of the world-renowned outdoor recreation destination of Winter Park. The town is known for its hot springs, which are located just outside of the town limits on the west side of the Colorado River. This brings in visitors from Winter Park and elsewhere, making the town a destination for outdoor enthusiasts year-round. There are many attractions in and around Hot Sulphur Springs, including the Hot Sulphur Springs Resort and Spa (day passes are available for guests of the Canyon Motel), the aforementioned Winter Park (Resort), Granby Ranch Ski Area, the Colorado Adventure Park, and much more. Colorado is major draw for adventure-seekers throughout the globe, and brings in nearly 90 million visitors a year (2019 estimate).
Property Taxes
| Parcel Number | R197680 | Improvements Assessment | $139,160 |
| Land Assessment | $15,620 | Total Assessment | $154,780 |
Property Taxes
