Don't miss out on this excellent opportunity to own a successful, longstanding lodging operation in the heart of Historic Durango, Colorado! Tourism in the area stayed strong through the down economy, and the number of visitors currently coming to the area is increasing, so this is your chance to capitalize on the growing Durango tourism industry. This well-established motel operation caters to tourists during all seasons, and offers extended stay rates during the off-season as well for those needing something more long-term. This 35 room motel is located on a busy stretch of Main avenue, with 175' of Main Avenue frontage and a highly visible signage. The property is located within walking distance to several popular restaurants, a full service grocery store, retail shopping, the Durango Rec Center, and the Animas River Trail. Of the 35 rooms, 19 have two queen beds, four rooms have three queen beds, six are single king rooms, and six are single queen rooms. All but three of the rooms have hot water heat. This could also be an excellent opportunity for redevelopment, or remodel the existing motel and open your own boutique motel, or continue to operate the existing motel as the current owner has done successfully for many years.
| MLS# | 738494 |
|---|---|
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 379 |
| SQ Feet | 11,985 |
|---|---|
| Story(s) | 2 |
| Units | 35 |
| Zoning | Mixed Use |
Area Information | |
|---|---|
| State | CO |
| City | Durango |
| Zip Code | 81301 |
| Area | Durango In Town |
| Listing VS Median (in 81301) | |
Price: $2,150,000 low | high Med: $415,250 SqFt: 11,985 low | high Med: 2,317 $ / SqFt: $179 low | high Med: $208 On Site: 379 low | high Med: 20 | |
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