$1,300,000

1160 Grand Avenue

Norwood CO, 81423

Description

Currently owned and extensively remodeled by one of Colorado's finest commercial resort contractors. Every aspect of the Motel was renewed, replaced, or refreshed, including plumbing, electrical, interior and exterior finishes, floors, lighting, windows, furniture, beds and linens. The huge concrete parking lot provides spaces for 35+ cars. The 1.6 acre lot allows for potentially 20 more rooms. The only thing needed now is a new, on-site owner operator to market and manage the business! Income is currently generated from 10 Motel rooms, an extended stay suite, 4 mobile homes (all titled) and 7 full-hookup RV spaces. Property includes 8 water/sewer taps. Two additional mobile home sites developed. 45 Minutes from Telluride.

Details

MLS#158281
Sub-TypeResale
StatusActive
Year1953
Days On Site247

Features

SQ Feet70,911
Story(s)0
ZoningBusiness

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Area Information

StateCO
CountySan Miguel
CityNorwood
Zip Code81423
AreaOut of Area
Listing VS Median (in 81423)
Price:
$1,300,000
low | high
Med:
$1,300,000
50% of Average
SqFt:
70,911
low | high
Med:
70,911
50% of Average
$ / SqFt:
$18
low | high
Med:
$18
50% of Average
On Site:
247
low | high
Med:
247
100% of Average
Listing Updated: 11/20/2019
MLS Number: 158281
Listing Provided By:
Thomas Barnabic  of  CB Commercial Prime Properties Vail

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