This is a once in a lifetime opportunity to own and operate a true western resort secluded from the daily city life, approximately 4.5hrs from Denver sits The Texan Resort. The Texan Resort - Located in Lake City, CO just 1.45hr from Montrose & 2.45hr from Grand Junction this western resort is surely to bring you back into the gold and silver days of Colorado. Settled deep in the San Juan Mountains with a pristine setting with mature spruce, aspen, fir and cottonwood trees the historic Texan Resort Estate is truly a gem. Spanning a total of 14 acres, and a potential to own both sides and a section of the Lake Fork of the Gunnison River becoming a water rights owner's dream. This property truly has breathtaking views of five of Colorado’s 14ers: Handies Peak, Sunshine Peak, Redcloud Peak, Uncompahgre Peak and Wetterhorn Peak. The property also backs up to the Colorado Trail, and is still very close to town with new restaurants, parks and a new community school just an ATV away. Thirty-five rustic log cabins are currently bring in a rough NOI of $655,000 on a seasonal asset basis for just 6-months out of 12-months of the year. In just this year the resort is adding an industrial kitchen to cater and host clientele as well as staff. This new addition is estimated to bring the resort an additional income of $40 per cabin per night revenue increase in food sales could mean an extra $42,000 per month in revenue, a significant increasing to the financials just on food sales alone. There are several other options for additional income such as filling the store with food and goods, ATV/UTV rentals as well snowmobile rentals for the winter. Throughout the property, you will find the true spirit and the authentic early American life in 3 cabins from the late 1800's as well 13 more form the early 1940's. These 16 cabins were the original cabins on the property when purchased, since then the owner has tremendously increased the overall infrastructure as well the enhancement of The Texan Resort business. Owner's since purchasing have placed 22-Log Home Cabins approximately 1,250sf or bigger in the years of 2006 & 2008. The community represents one of the Western Rockies’ few remaining cabin and log home villages, holding the true spirit of the west. The cabins are spacious and comfortable, offering expansive porches, unparalleled views, and modern-day amenities, including granite countertops, all the appliances you could need and wireless internet throughout the resort. The community is located in a truly magical setting, where the river flows and wildlife roams free and the scenery is nothing short of spectacular. Looking out your window, you may see bears, moose, deer, antelope, eagles, owls or falcons. What truly brings this property joy is just to the south sits a crystal-clear 65-foot waterfall from the headwaters of Lake San Cristobal that keep large rainbow trout flowing heavily into the property.
