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$ 3,750,000
Est. payment /mo
Active
3920 N Nevada AVE Colorado Springs, CO 80907
13,000 SqFt
UPDATED:
10/02/2024 12:52 PM
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 13,000 sqft
Price per Sqft $288
MLS Listing ID 1231465
HOA Y/N No
Year Built 1968
Annual Tax Amount $2,695
Property Description
This 32 Unit Motel is established and produces great income. It is located in a highly traveled commercial corridor of N Nevada. Near University of Colorado and Downtown Colorado Springs it is close to University Center and tons of visitor type places like Garden of the Gods, Air Force Academy, and Colorado College. This motel is well maintained and has a high occupancy rate. Motel and Office building total over 13,000SF! Units are standard units with one unit that includes a suite and kitchen and another larger unit with three bedrooms that could be converted into owners housing. High traffic count and foot traffic. Could be Redeveloped into multi family units!
Location
State CO
County El Paso
Others
Special Listing Condition Not Applicable
Listed by Teegardin Realty and Investment Company