Skip To Content

3515 Main Avenue

Durango, CO 81301
  • $2,700,000
  • STATUS: Active
  • ON SITE: 408 Days
  • MLS #: 801424
$2,700,000
  • 0
    BEDS
  • 0.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,939
    SQFT
  • $302
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1957
County:

School Ratings & Info

Listing courtesy of RE/MAX Pinnacle: 970-259-2255.


Description

Well-established, recently renovated, and turnkey hotel operation in Durango, CO. The current owners have invested heavily over the years in building a brand and reputation that consistently ranks this hotel as one of the best in Durango. For the right investor, the timing is great to close on this property prior to the busy tourism season and immediately start seeing a return on the investment. This 25-room hotel property is located on North Main with 160 ft of Main Ave frontage. A large remodeled lobby with room for breakfast service sits adjacent to a separate manager's office, and commercial kitchen space. The property also includes a 1 bedroom manager's apartment that can be locked off and provides living space for a full-time or overnight manager. The Adventure Inn has strong historical occupancy rates and consistently improving ADR, having still turned a profit in 2020 during the COVID-19 pandemic, making it an outlier in the hospitality industry. All FFE included, including new beds and tv's in all rooms, as well as a custom designed website and all branding. Financials are available with a signed non-disclosure agreement.

Monthly Payment Calculator

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-04-03T23:57:26.883.
www.thehowegroup.co/homes/137493835
Print Image

3515 Main Avenue Durango, CO 81301

  • Price: $2,700,000
  • Status: Active
  • On Site: 408 Days
  • MLS #: 801424
0
Beds
0
Baths
0
½ Baths
0.55
Acres
8,939
SQFT
$302
$/SQFT
1957
Built
Neighborhood:
Animas City
County:
La Plata
Area:
Durango In Town
Property Description
Well-established, recently renovated, and turnkey hotel operation in Durango, CO. The current owners have invested heavily over the years in building a brand and reputation that consistently ranks this hotel as one of the best in Durango. For the right investor, the timing is great to close on this property prior to the busy tourism season and immediately start seeing a return on the investment. This 25-room hotel property is located on North Main with 160 ft of Main Ave frontage. A large remodeled lobby with room for breakfast service sits adjacent to a separate manager's office, and commercial kitchen space. The property also includes a 1 bedroom manager's apartment that can be locked off and provides living space for a full-time or overnight manager. The Adventure Inn has strong historical occupancy rates and consistently improving ADR, having still turned a profit in 2020 during the COVID-19 pandemic, making it an outlier in the hospitality industry. All FFE included, including new beds and tv's in all rooms, as well as a custom designed website and all branding. Financials are available with a signed non-disclosure agreement.
Exterior Features

Acreage Range .5-.99 Carport No Lot Dimension 160 x 150 Parking PavedConcreteOff Street20 + Total SpacesCommon Parking Spaces 25 Property Attached Yes Property Description FoothillsCornerLandscapedBoundaries Surveyed Roof Metal Sewer Public Sewer Installed Stories 2 Street Description State HighwayCity/TownPavedConcrete150'+ Frontage Water Public Water Well No Waterfront YN No

Interior Features

Cooling Type Other Finished Sq Ft 8939 Flooring CarpetTile Furn Fixt Equip FFE Heating Fuel Source Natural Gas Heating System Other Office Sq Ft 672 One Quarter Baths 0 Total Offices 1

Property Features

Available Utilities CableElectricInternetNatural GasWater Books Available No Cam No Covenants NO Current Business Hotel Current Use Lodging Disclosures Lead Base PaintSeller's Prop Disclosure Documents On File EasementsLegal DescriptionOtherPlot Plan/Plat/SurveyProfit/Loss Exchange Trade No Existing Utilities ElectricInternetNatural GasPhoneSanitary SewerWater Fixtures Included Yes Inventory Included Yes Lease Included No New Construction YN No Owners Association No Possible Property Use Lodging Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Total Taxes 11726.44 Total Water Meters 1 Type Hotel/Motel Variable Rate No Water Rights No Zoning Type Commercial

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than The Howe Group | Keller Williams Realty contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-04-03T23:57:26.883.
 
https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_801424-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_801424-2.jpg https://bt-photos.global.ssl.fastly.net/cren/orig_boomver_1_801424-2.jpg
Logo
The Howe Group | Keller Williams Realty
218 Maroon Ave. Unit C
Crested Butte CO, 81224
Listing courtesy of RE/MAX Pinnacle: 970-259-2255.