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Panorama Motel 505 Sheridan Blvd 25 Room Hotel Lakewood, CO 80226 For Sale
Investment Highlights
- 25 Existing Motel Rooms
- Existing Income with Long-Term Redevelopment Potential
- Located in the Denver Metro/Lakewood Submarket
- High Visibility along Sheridan Boulevard
Executive Summary
505 Sheridan Boulevard presents a rare opportunity to acquire a highly visible 0.82-acre redevelopment site in the heart of Lakewood, Colorado. Currently operating as a 25-room motel, the property offers immediate cash flow while providing investors, developers, and owner-users the opportunity to reposition or redevelop the site in one of the Denver metro area’s most active growth corridors.
Situated along Sheridan Boulevard with traffic counts approaching 53,000 vehicles per day, the property benefits from excellent visibility, convenient access to major transportation routes, and is less than one mile from the RTD W Line.
The existing improvements include approximately 9,227 square feet with 41 surface parking spaces, making the property well suited for continued hospitality use, adaptive reuse, or future redevelopment, subject to municipal approvals.
With strong surrounding demographics, continued investment throughout the corridor, and multiple potential exit strategies, 505 Sheridan Boulevard offers a compelling opportunity for developers, hospitality operators, affordable housing groups, and value-add investors seeking a well-located infill asset.
Situated along Sheridan Boulevard with traffic counts approaching 53,000 vehicles per day, the property benefits from excellent visibility, convenient access to major transportation routes, and is less than one mile from the RTD W Line.
The existing improvements include approximately 9,227 square feet with 41 surface parking spaces, making the property well suited for continued hospitality use, adaptive reuse, or future redevelopment, subject to municipal approvals.
With strong surrounding demographics, continued investment throughout the corridor, and multiple potential exit strategies, 505 Sheridan Boulevard offers a compelling opportunity for developers, hospitality operators, affordable housing groups, and value-add investors seeking a well-located infill asset.
Property Facts
| Sale Type | Investment | No. Rooms | 25 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1952 |
| Building Class | C | Parking Ratio | 4.44/1,000 SF |
| Lot Size | 0.82 AC | Corridor | Interior |
| Building Size | 9,227 SF | ||
| Zoning | 1-C, Lakewood | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 9,227 SF |
| No. Rooms | 25 |
| No. Stories | 1 |
| Year Built | 1952 |
| Parking Ratio | 4.44/1,000 SF |
| Corridor | Interior |
| Zoning | 1-C, Lakewood |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 25 | $60.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-121-01-001 | Improvements Assessment | $82,724 |
| Land Assessment | $60,564 | Total Assessment | $143,288 |
Property Taxes
Parcel Number
49-121-01-001
Land Assessment
$60,564
Improvements Assessment
$82,724
Total Assessment
$143,288
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