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$3,850,000
3.24± Acres
Active
Montrose County, CO
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1702 Main, Montrose, Colorado

MLS ID: 826073
Status: Active
Price: $3,850,000
Acres: 3.24±
Type: Business, Commercial
Address: 1702 Main
City, State: Montrose, CO
County: Montrose County
ZIP Code: 81401
Lat/Long: 38.487586, -107.861658
Parcel Number: 376727136002
Listed by: Katherine Davis of Bray Commercial Llc
SqFt: 32,866
Year Built: 1957

Description

Rare Investment Opportunity: Lodging & RV Park – Montrose, CO Diversified Hospitality Asset in a Booming Colorado Destination This is your chance to acquire a turnkey, multi-faceted hospitality portfolio in the heart of one of Colorado’s most scenic and rapidly expanding markets—Montrose. This rare investment opportunity combines: • A 58-key lodging property • A fully equipped 23-spot RV park (Will be delivered Entitled – ready to build) Lodging Property Highlights: • Size: 32,866 SF | Acreage: 3.25 Acres • 58 exterior corridor rooms • Strong performance: $1.1M Yearly Revenue With 40% NOI and 74% yearly occupancy • Attractive basis: Priced at only $60,000 per key + $475,000 RV Park Land • Recent capital improvements of $300,000+, including: o New PTAC units (17 Rooms) o Foundation and structural upgrades o Framing, plumbing, and new paint o New exterior paint • Modernized guest amenities: o Renovated lobby with indoor/outdoor seating o Business center & fitness room o Restrooms with showers o Flexible branding: keep or remove Wyndham flag RV Park Features: (ONCE BUILT) • 23 dedicated RV spots with individual hookups • Shared access to top-tier guest amenities: - (Club House - Already Built) • Lounge area • Laundry room • Fitness center • Restrooms & showers • Indoor/outdoor dining area • Stabilized projected NOI: $125,000 – $150,000 annually • Strategically positioned to attract seasonal travelers, RV nomads, and adventure tourists ________________________________________ Location Advantages: • Minutes from Montrose Regional Airport – Direct Flights From Denver, DFW • Easy drive to Telluride, Silverton, Ridgway, Ouray, and the Black Canyon of the Gunnison • A growing base of year-round tourism, hunting, national park visitors, and outdoor adventure travelers ________________________________________ Investment Summary: Component Key Metrics Lodging Property 58 rooms Offered at $3,975,000 RV Park 22 spots, projected income $125,000 $150,000k Total Acreage: 3.82 Acres (combined) Branding Option Franchise (Wyndham) or Go Independent with low Liquidated Damage ________________________________________ Why Invest Now? • Peak tourism season approaching • Value-add NOI upside projected $125,000-$150,000k yearly • High-demand hospitality submarket with growing regional traffic • Diversified revenue streams from rooms and RV launch Schedule a private tour today and secure this unique Colorado hospitality asset before summer demand surges.

Additional Information

Interior

Building Area Total: 32,866
Cooling (Yes/no): Yes
Cooling: Window Units, Wall Window Units
Flooring: Carpet, Tile
Furnished: Furnished
Heating (Yes/no): Yes
Heating: Natural Gas, Other

Exterior

Foundation Details: Slab
Inclusions: Computer System, Fixtures, Furniture, Office Equipment, Phone #
Lot Features: Landscaped
Lot Size Dimensions: Irregular
Road Frontage Type: Interstate
Stories: 2
Water Source: Connected

Financial/HOA/Schools

Days On Market: 233
Tax Annual Amount: 26504.58
Zoning Description: Business

Extra Information

Virtual Tour: https://my.matterport.com/show/?m=eN3zbBxiMCB

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Listed By: Katherine Davis of Bray Commercial Llc