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Fort Garland Motor Inn 605 4th Ave 25 Room Hotel Fort Garland, CO 81133 $1,195,000 ($47,800/Room)

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Executive Summary

Turn key limited service hotel, beautifully maintained and consistently updated, with multiple revenue streams. The Lodging of Choice in Fort Garland at the gateway to Great Sand Dunes NP and the Mystic San Luis Valley. Real estate includes 8 lots at 28,000 sq ft and 140 ft of Hwy 160 frontage with 1.8 million CDOT annual vehicle count. Total of 4 buildings including 10,200 sq ft hotel with 24 interior units including king, queen, single, multi bed, ADA and a kitchenette unit; 1229 sq ft 2 bed/2 bath managers home, 3+ car garage, and newly completed 504 sq ft 10 washer/10 dryer laundromat. Business includes bookings, domain name, furnishing, fixtures and equipment. Do not miss this highly lucrative turn key opportunity!

Property Facts

Price	$1,195,000	Building Size	11,933 SF
Price Per Room	$47,800	No. Rooms	25
Sale Type	Investment	No. Stories	2
Sale Conditions	1031 Exchange Business Value Included	Year Built	1996
Property Type	Hospitality	Parking Ratio	2.43/1,000 SF
Property Subtype	Hotel	Corridor	Interior
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	0.64 AC
Zoning	C - Commercial

Price	$1,195,000
Price Per Room	$47,800
Sale Type	Investment
Sale Conditions	1031 Exchange Business Value Included
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.64 AC
Building Size	11,933 SF
No. Rooms	25
No. Stories	2
Year Built	1996
Parking Ratio	2.43/1,000 SF
Corridor	Interior
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 - Commercial