3077 Main Avenue

Durango, CO, 81301

$2,695,000

$224 per ft²
$2,695,000
$224 per ft²
Active
Active
 - For Sale
baths
9 Baths
carpenters-square
11,985 ft²
property_type
Commercial
calendar
Built 1965
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.
MLS® ID:
791122
Listed:
3/3/22
Updated:
12/8/22
Legacy Properties West Sotheby's International Realty
Kayden Hyson

Interior Features

Total Bedrooms
0
Full Bathrooms
9
Heating
Electric, Hot Water, Natural Gas

Exterior/Building Features

Lot Size
0.6 acres lot
Sewer
Connected, Public Sewer

Other Property Details

Area Name
Durango In Town
Garage
No
Parking
Common, Paved, Parking Space(s)
View
N
County
La Plata
Utilities
Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Connected, Water Available
Water Source
Public
Pool
No
Total Stories
2

Property History

Date
Event
Price
Value
12/2/22
Active
-
-
9/9/22
Pending
-
-
4/20/22
Active
-
-
3/18/22
Pending
-
-

 

Courtesy of Coldwell Banker Distinctive Properties, Todd Sieger,
Listing Contact: 970-375-5530 


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Data last updated on: 12/8/22

Legacy Properties West Sotheby's International Realty
Kayden Hyson
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