Property Listing No Longer Available for Sale

10301 Santa Fe Trail, Trinidad, CO

Motel for Sale - $1,800,000 - 8,473 Sq. Ft. on 3.37 acres


Property Info

CIMLS#973204
Location
  10301 Santa Fe Trail
  Trinidad CO 81082
UpdatedFebruary 16th, 2018
TypeMotel
Price$1,800,000
Building8,473 Sq. Ft.
Land3.37 acres

Property Description

Opportunity to purchase a 25 unit Independent Motel with current 12 site RV park with potential to expand. Major infrastructure already in place. Tremendous growth year over year with phenomenal NOI due to owners renovations and designated Marijuana friendly accommodations. 90% of the business is driven by walk ins or booked through private online/mobile websites saving you outside booking commissions.

Location Description:

Located just off of I25 with easy access, this prime site is visible for miles thanks to the old fire tower originally built by the Army Corp of Engineers in the early 30's. Trinidad's location at the foot of Raton Pass, along the Santa Fe Trail between St. Joseph, Missouri, and Santa Fe, New Mexico, has always made it a favored route for travelers, first by foot, then horse and ox-drawn wagon, then by railroad. Today, Interstate 25, the most highly traveled route between Colorado and New Mexico, passes through Trinidad.

Highlights:

>> Tremendous I-25 Visibility

>> Approved RV Park Expansion Plans

>> Independent Operation - No Franchise Fees

>> Low Operational Overhead

>> Outside City Limits = Low Tax Rate

>> Phenomenal NOI

>> 1 Unit being used as storage - Currently being remodeled to make 26 keys.

>> 7 Additional RV Sites already Have Sewer Taps Above Ground

>> 13 RV Spots have Sewer Trunk Line Installed

>> Large City Water Line Ready to Handle RV Buildout

>> January 2018 Revenues Up 30% from Jan 17

>> New Laundry Equipment 2017 (Leased @ $160Month) 5 Year Parts & Labor Extended Warranty

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Financials