Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

943 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Golden Arrow Motel 611 E Olive St 20 Room Hotel Lamar, CO 81052 $1,100,000 ($55,000/Room)

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

EXECUTIVE SUMMARY

Golden Arrow Motel – Investment Opportunity in Lamar, CO!
Price: $1,100,000
Address: 611 E Olive St, Lamar, CO
Property Highlights:
20 Rooms – fully operational motel
Lots of Upgrades & Recent Updates
Brand New Roof
ARV: $1,500,000
Clean, updated rooms with modern finishes – ready to rent out and generate cash flow!
This is a turnkey investment opportunity with strong upside potential. Perfect for investors looking for a cash-flowing motel property in a prime Lamar location.
Don’t miss out – opportunities like this don’t last long!

PROPERTY FACTS

Price	$1,100,000	Building Size	7,930 SF
Price Per Room	$55,000	No. Rooms	20
Sale Type	Investment	No. Stories	1
Sale Conditions	Business Value Included High Vacancy Property	Year Built	1934
Property Type	Hospitality	Parking Ratio	3.03/1,000 SF
Property Subtype	Hotel	Corridor	Exterior
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	0.39 AC

Price	$1,100,000
Price Per Room	$55,000
Sale Type	Investment
Sale Conditions	Business Value Included High Vacancy Property
Property Type	Hospitality
Property Subtype	Hotel
Building Class	C
Lot Size	0.39 AC
Building Size	7,930 SF
No. Rooms	20
No. Stories	1
Year Built	1934
Parking Ratio	3.03/1,000 SF
Corridor	Exterior
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.

High Speed Internet Access

Patio

Public Access Wifi

ROOM MIX INFORMATION

DESCRIPTION	NO. ROOMS	DAILY RATE	SF
Guest Room	20	$67.00	-

1 1

PROPERTY TAXES

Parcel Number	2000-34-310	Improvements Assessment	$102,002
Land Assessment	$22,800	Total Assessment	$124,802

PROPERTY TAXES

Parcel Number

2000-34-310

Land Assessment

$22,800

Improvements Assessment

$102,002

Total Assessment

$124,802

(847) 912-8262

CONTACT

Good News Group Ferraro
Good News Group LLC

Listing ID: 37727774
Date on Market: 9/18/2025
Last Updated:
Address: 611 E Olive St, Lamar, CO 81052

1 of 3

VIDEOS

MATTERPORT 3D EXTERIOR

MATTERPORT 3D TOUR

PHOTOS

STREET VIEW STREET

MAP

611 E Olive St, Lamar, CO for sale Building Photo- Image 1 of 3 — Building Photo

611 E Olive St, Lamar, CO for sale Building Photo- Image 2 of 3 — GAM AD

1 of 1

Share This Listing

Still interested?