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- LoopNet Team
29431 US Highway 160
South Fork, CO 81154
Spruce Lodge - B&B with Restaurant · Hospitality Property For Sale
·
12,000 SF
Investment Highlights
- Two Peak Seasons, Summer and Winter
- Listed on the National Register of Historic Places
- 3 bedroom 1 bath owner's quarters, 2,000 square feet.
- Open Year-Round
- Fully renovated 24 seat restaurant - open to the public, commercial kitchen
- $410,000 average yearly revenue
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1926/2013 |
| Building Class | C | Parking Ratio | 2.5/1,000 SF |
| Lot Size | 1.17 AC | Corridor | Exterior |
| Building Size | 12,000 SF | ||
| Zoning | Commercial 02 - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.17 AC |
| Building Size | 12,000 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1926/2013 |
| Parking Ratio | 2.5/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial 02 - Commercial |
Amenities
- Balcony
- Ski (direct access)
About 29431 US HIGHWAY 160 , SOUTH FORK, CO 81154
Successful, historic, 15 room Bed & Breakfast / Hotel with 24 seat dining room and fully renovated commercial kitchen near Wolf Creek Ski Area in the sunny, Southern Colorado Mountains! 360-degree mountain views, fully furnished, turn-key with great guest reviews. Open year-round with two very strong peak seasons - summer tourist season and winter ski season. This property is well maintained, and up and running, fully functioning, comfortable, and SOLD OUT most nights in June, July, August, September, December, and March! Average yearly gross revenue is $410,000 providing a comfortable salary PLUS full living quarters, utilities, and much, much more for the owners or on-site manager. There are 4 Jacuzzi Suites in the historic B&B. A separate building has 8 hotel rooms plus two large, studio apartments, There is one small cabin, and 11 RV sites with full hookups. All rooms and cabins have Direct TV and fast, reliable Wi-Fi. New indoor hot tub with renovated decking and new electrical and plumbing. All appliances, inventory, and antiques are owned (not leased) and are included with the sale, (save a few personal items.) Many, many upgrades have been made to this property to ensure it runs smoothly and is LOVED by guests and employees alike. The owner's apartment is 2,000 square feet, 3 bedrooms, 1 bath with a private entrance, private laundry, private yard, and woodburning stove. An innkeeper's couple currently lives on-site and manages many of the day to day duties of the property. There are cheaper properties available in our area, but they turn over quite often and do not have the business stability this property has. 15 years of documented, solid financials from the current owners, proving this property can support itself, support its employees, pay the bills, AND provide a nice living for the owners. Hundreds upon hundreds of return guests every year - for GENERATIONS. People bring their kids to the Spruce Lodge because they vacationed there as children. Stable - profitable - well kept.
Property Taxes
| Parcel Numbers | Improvements Assessment | $54,990 | |
| Land Assessment | $53,725 | Total Assessment | $108,715 |
Property Taxes
