Property Listing No Longer Available for Sale

1160 Grand, Norwood, CO

Others for Sale - $1,300,000 - 8,153 Sq. Ft.


Property Info

CIMLS#1041567
Location
  1160 Grand
  Norwood CO 81423
UpdatedAugust 7th, 2019
TypeOthers
Price$1,300,000
Building8,153 Sq. Ft.

Property Description

Currently owned and extensively remodeled by one of Colorado's finest commercial-resort contractors. Every aspect of the motel was renewed, replaced or refinished, including plumbing, electrical, interior and exterior finishes, floors, lighting, windows, furniture, beds and linens. Check out the Venetian Plaster finish on walls and ceilings. You can't miss the incredible Porte-Cochere upon arrival. The huge concrete parking lot provides spaces for 35+ cars. The 1.5 acre lot allows for potentially 20 more rooms. The only thing needed now is a new, on-site owner-operator to market and manage the business! Income is currently generated from 10 Motel rooms, an extended stay suite, 4 mobile homes (all titled) plus two additional spaces, and 7 full-hookup RV spaces. Property includes 8 water taps! The quaint western town of Norwood is located only 30 miles west of Telluride, Colorado, on the Unaweep-Tabeguache Scenic Byway, which provides convenient access to surrounding National Forests and recreational sites. Tourists stay here for endless outdoor activities including hiking, skiing, fishing, hunting, off-road adventures, plus mountain ascents and river rafting. Travelers east-bound from Utah and southbound from Grand Junction will arrive all hours of the day at the doorstep of the Back Country Inn! for the finest in rest and relaxation.


Financials