Property Listing No Longer Available for Sale

35 Silver Thread Lane, South Fork, CO

Hotel for Sale - $799,500 - 1.95 acres


Property Info

CIMLS#90109
Location
  35 Silver Thread Lane
  South Fork CO 81154
UpdatedJanuary 8th, 2010
TypeHotel
Price$799,500
Land1.95 acres

Property Description

Drastic Price Reduction to $799,500. Established lodging property for sale in mountains near Wolf Creek Ski Area and an 18 hole PGA golf course. This is an investment grade business opportunity, but not suitable for a buyer seeking a part time venture. Detailed financials available from 2003 to date, room sales that exceeded $240,000 in 2007 without all units online and room to expand. Property offers 6 free standing cabins, 8 cabin style lodge rooms & 1 standard lodge room for guests. A 3 bedroom/2 bath owners quarters, work shop, on site laundry for lodge, employee efficiency/dorm quarters on site, guest hot tub and lodge storage. Property accommodates up to 100 people and handles groups as well as individual guests. Offers 3+ seasons with all outdoor sports and attractions located nearby, good occupancy, prime location and proven financial history.. Offered turnkey with advance reservations in place into 2009. Reduced from $1,195,000 to $905,000. Seller is motivated to sell immediately due to increasing health issues. Seller will not consider lease nor lease purchase situations. Seller is a licensed Colorado real estate broker. For more information, contact Scott Stecken, Colorado Independent Broker at cell (719) 588-9394.


Financials