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525 W Rainbow Blvd
Salida, CO 81201
Super 8 · Hospitality Property For Sale · 38,250 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.26 AC
Building Size 38,250 SF
No. Stories 2
Year Built/Renovated 1968/2020
Parking Ratio 1.57/1,000 SF
Corridor Exterior
Zoning C

AMENITIES

  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Hot Tub
  • Multi-Room Suites

ABOUT 525 W RAINBOW BLVD , SALIDA, CO 81201

The Salida Super 8 motel is a long established, successfully operating hospitality property in Salida, CO. The physical improvements are comprised of 52 exterior corridor guest rooms in four separate buildings, plus a heated year around swimming pool in another building with two outdoor hot tub/spas adjoining. All guest rooms were refitted in the fall of 2013 to conform with Wyndham/Super 8 standards The primary business generator for the Salida Super 8 is tourism attracted to the area for the quaint and artsy historic downtown as well as the plethora of outdoor activities available in the area. This well established property offers a strong history of solid performance in a great market and would make an excellent addition to a portfolio of properties for the investor or a fantastic lifestyle and great return on investment for the owner/operator. The property itself is approximately 1.24 acres, essentially level, located directly on West Rainbow Blvd. (Highway 50) in Salida, CO. US Highway 50 is the main thoroughfare through the town of Salida as well as the main east-west passage through Chaffee County. The property has 204 linear feet of frontage and there are two curb cuts for ingress and egress. The property has excellent visibility from the highway and provides an easily accessible location with unrestricted access to the property. There is telephone, electric service, gas service, town sewer and town water on site.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R380706400048
Land Assessment
$178,930
Improvements Assessment
$585,400
Total Assessment
$764,330
  • Listing ID: 3752999

  • Date on Market: 9/24/2016

  • Last Updated:

  • Address: 525 W Rainbow Blvd, Salida, CO 81201

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