Sloan's Motel
29 Room Hotel | Burlington, CO 80807 | $799,000 ($27,552/Room) | 13.62% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $799,000
- Property Type
-
Hospitality
- Square Feet
- 7,329 SF
Listing Contacts
Greg Knott
Verified Profile
Earl Duffy
Verified Profile
- Property Info
Property Overview
Operating Motel W/Short & Long Term Tenants. Perfect for short term tenants such as hunters, truckers, contractors, oil and gas, etc. as well as long term tenants in the area. Multiple room and apartments types - Standard, King Bed, Kitchenette, and Apartment. Short Term and Long Term rental options for tenants - new owner can structure leases however they would like. High Speed Fiber Internet and Dish Network in place. Manager open to staying on board to run the day-to-day operations. All of the heavy lifting has been done!
Property Details
- Class
- C
- Year Built/Renovated
- 1960/2016
- Stories
- 2
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 74,923 SF
- Units
- 29
Highlights
- Directly off of I-70 near the Colorado/Kansas Border
- Recently Renovated - over $300k in capital improvements
- Capital Improvements included in next page - individual room improvements available upon request
- Multiple room and apartments types - Standard, King Bed, Kitchenette, and Apartment.
- Short Term and Long Term rental options for tenants - new owner can structure leases however they would like
- High Speed Fiber Internet and Dish Network in place
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