1801 S. Main Street, Lamar CO

Others for Sale - $875,000


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Agent Info

NameJerry Chilson

Property Info

CIMLS #930651
Location1801 S. Main Street
Lamar CO 81052
Last UpdatedNovember 10th, 2017
TypeOthers
Price$875,000

Contact


Property Description

Blue Spruce Motel is a 30 Unit property that is a very nice and well maintained Motel located in Lamar, Colorado. The Motel has a managers apartment that is a 3 bedroom, 1.5 bath, and is fully furnished with all appliances.

Blue Spruce Motel has all the amenities, such as two outdoor Wi-Fi stations, nearly 80% of rooms have wired connection, guest laundry, outdoor pool. All the rooms come fully furnished.

The Motel will be sold fully furnished and Seller to provide a list of all inclusions.

Location Description:

Located in Southeast Colorado in the high plains. The location has consistent traffic from travelers traveling from Texas and Kansas to and from Colorado. Because of its location and parking lot size, this motel accommodates many semi truck drivers.

30 Miles from the Kansas Border

70 Miles from Oakland Border

2 hours from Pueblo

3 hours from Colorado Springs

3.5 hours from Denver

Highlights:

>> Absentee ownership major upside potential for owner operators

>> Positive Cash-Flow

>> Live in Management Quarters

>> Off of Highway with highway visibility

>> Great for first time hoteliers

>> Price Per Key: $29,167


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