3077 Main Avenue
3077 Main Avenue Durango, Colorado 81301 United States

$2,695,000
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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 is at an all-time high, and the record number of visitors coming to the area looks to...

Listing Courtesy of Coldwell Banker Distinctive Properties

Listing Courtesy of Coldwell Banker Distinctive Properties
$2,695,000
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9
Full Baths
11,985 Sq Ft.
Interior
.6 Acres
Exterior
Commercial
Property type
1965
Year Built
791122
Web Id
791122
MLS ID
Animas City
Subdivision

About 3077 Main Avenue

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 is at an all-time high, and the record number of visitors coming to the area looks to continue, 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 of Durango's most popular restaurants, a full service grocery store, retail shopping, the Durango Rec Center, and the Animas River Trail. Of the 35 rooms, 17 have two queen beds, four rooms have three queen beds, eight are single king rooms, and six are single queen rooms. Two of the single king rooms have been recently remodeled to include kitchenettes and new furniture. These king studio rooms rent for a premium, and have been very popular with guests. All but three of the rooms have hot water heat. In addition to the 35 guest rooms, there is also a one bedroom on-site manager's quarters. This could also be an excellent opportunity for redevelopment, or continue with renovating more rooms and make this into your own boutique motel. The income supports the continued operation of the existing motel as the current owner has done successfully for 45 years.

Listing Courtesy of Coldwell Banker Distinctive Properties, CREN MLS

features

cooling
Electric
lot description
Public Transportation

PROPERTY INFORMATION

Heating
Electric, Natural Gas
Parking Description
Paved, 20 + Total Spaces, Common
Sewer
Public Sewer Installed

ADDITIONAL INFORMATION

Number of Units
36
Listing Courtesy of Coldwell Banker Distinctive Properties
This Durango Commercial is for Sale at $2,695,000 USD and was built in 1965. Has 11,985 Sq.Ft. on a lot of .6 Acres9 full baths.

 

Listing Courtesy of Coldwell Banker Distinctive Properties

Listing Courtesy of Coldwell Banker Distinctive Properties
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