$795,000

0.57± Acres

Active

Montrose County, CO

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TBD Main, Montrose, Colorado

MLS ID: 824731

Status: Active

Price: $795,000

Acres: 0.57±

Type: Business, Commercial

Address: TBD Main

City, State: Montrose, CO

County: Montrose County

ZIP Code: 81401

Lat/Long: 38.478685, -107.83126

Parcel Number: 376727136002

Listed by: Katherine Davis of Bray Commercial Llc

Bathrooms: 4

SqFt: 3,261

Year Built: 1955

Description

Investment Opportunity: 4 (Potential 5) Room Bed & Breakfast Inn – Montrose, CO. This charming & versatile Bed & Breakfast Inn is in the heart of Montrose, CO, offering a unique investment opportunity, perfectly suited for a boutique hotel, Airbnb operation, lifestyle inn, or intimate wedding venue. With subdivision approval expected by August 2025, the property is projected to generate $85,800 in Net Operating Income at a 7.2% cap rate (Source: AirDNA), positioning it as a high-yield hospitality asset in a rapidly growing market and provides buyers the opportunity to secure the property ahead of the summer peak season. Property Features • Size: 3,700 SF on 0.57 Acres • Accommodations: 4 (Potentially 5) Elegantly Designed Suites, 4 Bathrooms • Entrances: 5 Separate Entrances for Guest Privacy • Amenities: Cozy Fireplaces, Outdoor Pool, Cooking Area & Patios • Manager's Suite: Includes Bathroom & Kitchen • Parking: Ample Parking for 15 Vehicles • Accessibility: Main Street Visibility, Walking Distance to Local Eateries & Bars • Financing: Seller Financing Available. Prime Location & Tourist Gateway Situated just minutes from Montrose Regional Airport, the property serves as a strategic hub for year-round tourism, with easy access to: • Telluride Ski Resort • Silverton, Ouray, Ridgeway, Durango, & Grand Junction • Black Canyon of the Gunnison National Park, a breathtaking natural wonder just 13 miles away. Black Canyon of the Gunnison National Park Renowned for its dramatic cliffs & deep, narrow gorges carved by the Gunnison River, the Black Canyon offers: • Over 2,700’ deep sheer canyon walls • Hiking trails, rock climbing, & trout fishing • Approximately 357,000 visitors in 2023, highlighting its growing appeal as a tourist destination. Montrose Airbnb Market: With strong demand & growth, Montrose's short-term rental market is thriving. Driven by its scenic surroundings & outdoor recreation opportunities. Key statistics include: • Occupancy Rate: A median of 69%, indicating robust demand • Average Daily Rate (ADR): Approximately $130, providing competitive returns for hosts • Annual Revenue: Typical hosts earn around $33,000 per year • Active Listings: As of September 2024, there were 185 active Airbnb listings in Montrose • Year-over-Year Revenue Growth: 1.02% • Peak Season: July typically marks the peak season, offering the highest occupancy & revenue potential. •Opportunity to purchase entire Red Arrow Inn & Suites project

Additional Information

Interior

Bathrooms Full: 4

Building Area Total: 3,261

Cooling (Yes/no): Yes

Cooling: Central Air

Flooring: Carpet, Tile, Vinyl

Furnished: Furnished

Heating (Yes/no): Yes

Heating: Forced Air, Natural Gas

Exterior

Foundation Details: Slab

Lot Dimensions Source: Public Records

Lot Size Dimensions: Irregular

Parking Features: Parking Spaces

Parking Total: 15

Road Frontage Type: City Street

Roof: Membrane

Stories: 1

Water Source: Connected, Public

Financial/HOA/Schools

Days On Market: 34

Tax Annual Amount: 8645

Zoning Description: Business

Extra Information

Virtual Tour Branded: https://www.dropbox.com/preview/TBD%20E%20Main%20Street%2C%20Montrose/1702_E_Main_St_Video.mp4?context=standalone_preview&role=personal

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Listed By: Katherine Davis of Bray Commercial Llc

TBD Main, Montrose, Colorado

Description

Additional Information

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