860 County Road 142
Lake City, CO 81235
Texan Resort Estates · Hospitality Property For Sale
·
33,991 SF
Investment Highlights
- 8% Cap Rate | 30%+ Projected Internal Rate of Return (IRR)
- Historic mountain cabin community established in 1946 with original log cabins dating back to the 1870s
- Wide range of outdoor amenities, including a fire pit by the river, basketball half-court, sand volleyball, fly fishing, hunting, stargazing, etc
- 38 unique cabins and log homes with modern amenities, including cooking facilities, cable streaming TV, and Wi-Fi. 33 of the 38 cabins are available
- Nestled in the heart of the Colorado Rockies with breathtaking views of a 65-foot waterfall and the Lake Fork of the Gunnison River
- Broker of Record: Michael A. Corbey with Realspace Commercial Real Estate, LLC
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1946 |
| Building Class | C | Parking Ratio | 3.35/1,000 SF |
| Lot Size | 5.20 AC | Corridor | Exterior |
| Building Size | 33,991 SF | ||
| Zoning | R1 - General Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.20 AC |
| Building Size | 33,991 SF |
| No. Stories | 2 |
| Year Built | 1946 |
| Parking Ratio | 3.35/1,000 SF |
| Corridor | Exterior |
| Zoning | R1 - General Commercial |
Amenities
- Balcony
- High Speed Internet Access
- Patio
- Destination Resort
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
About 860 COUNTY ROAD 142 , LAKE CITY, CO 81235
The Property is located in Lake City, CO, a historic mountain town nestled in the heart of Colorado’s San Juan Mountains. Surrounded by breathtaking peaks, Lake City is a serene year-round destination offering access to some of Colorado’s most pristine wilderness and outdoor recreation. The area is renowned for its vibrant history, charming downtown, and unparalleled outdoor adventures. Lake San Cristobal, the second-largest natural lake in Colorado, is a major draw for visitors. This stunning lake is a hub for fishing, kayaking, paddleboarding, and boating. Anglers will appreciate the opportunities to catch trout, including rainbow and cutthroat varieties, while outdoor enthusiasts enjoy the calm waters and the lake’s stunning alpine backdrop. Lake City is known for its abundant activities, including hiking the renowned Alpine Loop, biking scenic mountain trails, and exploring over 300 miles of off-road ATV and Jeep trails. Winter brings snowshoeing, cross-country skiing, and snowmobiling opportunities through the picturesque landscapes. The area is also a haven for wildlife watching, photography, and stargazing under crystal-clear mountain skies.
Property Taxes
| Parcel Number | R003038 | Improvements Assessment | $24,560 |
| Land Assessment | $0 | Total Assessment | $24,560 |
Property Taxes
