1160 Grand
Norwood, CO 81423

$1,300,000

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.

Details

MLS#754859
StyleHospitality
Sub-TypeResale
StatusActive
Year1953
Days On Site71

Features

SQ Feet8,153
Story(s)1
Units15
Zoningbusiness

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Area Information

StateCO
CountySan Miguel CO
CityNorwood
Zip Code81423
AreaWest End
Listing VS Median (in 81423)
Price:
$1,300,000
low | high
Med:
$225,000
100% of Average
SqFt:
8,153
low | high
Med:
0
100% of Average
$ / SqFt:
$159
low | high
Med:
$0
100% of Average
On Site:
71
low | high
Med:
50
100% of Average
Listing Updated: 05/23/2019



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